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Area 52 - 5357 52nd Street Listing Details & Market Data

Off-Market

5357 52nd Street, Grand Rapids, MI 49512

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 333,950 SF
  • Lot Size 14.24 Acre
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2017

Location

  • City Grand Rapids, MI
  • Neighborhood Forest Hills
  • Zip Code 49512
  • Market Grand Rapids

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $22.54
  • 2020 Office Vacancy Rate 11.83%
  • 2020 Office Completions (SF)

Tax

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