Commercial Real Estate Market in Lansing, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
325 active listings and 6,570 off-market properties in Lansing, MI. Commercial property asks $90/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Lansing, MI spans 96.1 square miles in Ingham County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Lansing, MI has a median asking sale price of $87/SF. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Lansing, MI has a median asking sale price of $112/SF.
Industrial
Industrial space in Lansing, MI has a median asking sale price of $75/SF. Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Lansing, MI has a median asking sale price of $93/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.2%
- Commercial 18.4%
- Industrial 12.4%
- Mixed use 9.5%
- Civic 6.6%
Largest Zones share of zoned land by district
Lansing, MI zones 17,316 acres across 14 districts. Commercial zoning covers 18.4% of zoned land, residential 53.2% and industrial 12.4%. The largest single district is Residential at 43.8%. For commercial buyers the practical constraint is that only 30.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lansing, MI has 161,419 residents in 79,278 households. Density runs 1,679 people per square mile. Median household income here is $58,440 and median gross rent $1,014 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| East Lansing | $161 | $18.00 |
| Dewitt | $167 | — |
| Okemos | $177 | $15.00 |
| Dimondale | $100 | — |
Commercial property in Lansing, MI asks $90/SF. The 4 bordering markets run from $100/SF in Dimondale to $177/SF in Okemos, and the city sits below their $164/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lansing?
How much does it cost to lease commercial space in Lansing?
How does Lansing compare to nearby markets on price?
What zoning applies to commercial property in Lansing?
Where does Realmo's Lansing market data come from?
Methodology & data sources
- Asking prices and medians
- There are 188 active for-sale and 137 active for-lease listings in Lansing, MI. The medians are based on 96 of the for-sale and 68 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 17,316 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level and multifamily vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
