The typical asking rate per listing is in the $20's per square foot per year. The Belknap Lookout region is seeing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Grand Rapids market, the Belknap Lookout submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 67 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the available leases in the Belknap Lookout are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,200 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area were built in 1900 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Most of the folk of Belknap Lookout work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Belknap Lookout.
Get email notifications when new listings are posted that match your requirements.