On average, listings lease in the $20's per square foot per year. The Grand Rapids submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Grand Rapids market, the Grand Rapids region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1572 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Grand Rapids are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,610 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1925 and are Class Class B.
Real time and historical data on commercial real estate listings in Grand Rapids.
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