Heartside-Downtown Grand Rapids Retail Space For Lease

Heartside-Downtown Grand Rapids

Market Report

Number of Listings For Lease
Posted in the last 90 days
91
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,090

Heartside-Downtown Grand Rapids Commercial Real Estate

Find Heartside-Downtown Grand Rapids commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Heartside-Downtown Grand Rapids commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Heartside-Downtown Grand Rapids Rates

The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Heartside-Downtown Grand Rapids region is going through a a boost in rates. In the last 3 months, the median rate for lease went up $2 per sqft per year. That's a 9% rise in rent.

Compared to the rest of the Grand Rapids commercial real estate market, the Heartside-Downtown Grand Rapids submarket has greater rates for rent, and you may need to pay a premium to be in this hot submarket.

Heartside-Downtown Grand Rapids Listing Supply

In the last 90 days, 386 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the commercial real estate listings in the Heartside-Downtown Grand Rapids are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 3,090 sqft. Most buildings in this area are close to 5 floors. Most buildings in this market were built around 1891 and are Class .

Heartside-Downtown Grand Rapids Community

This area is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Heartside-Downtown Grand Rapids folk. Commuting between 30 and 45 minutes 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 Heartside-Downtown Grand Rapids.
Research