Belknap Lookout Industrial

Belknap Lookout

Market Report

Number of Listings
Posted in the last 90 days
4
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
5,200

Belknap Lookout Rates

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.

Belknap Lookout Listing Supply

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.

Belknap Lookout Community

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.

Market Data

Real time and historical data on commercial real estate listings in Belknap Lookout.
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