Grand Rapids Office Space

3555 Lake Eastbrook Blvd SE - Entire Building Grand Rapids, MI 18 foot ceiling height
Oct 03
10,890
sqft
For Sale Office Retail Restaurant
200 Madison Ave SE - Entire Building Heritage Hill, Grand Rapids, MI HVAC
Sep 29
21,000
sqft
For Sale Industrial Mixed Use Office Medical
2233 Michigan St NE - Entire Building Michigan Oaks, Grand Rapids, MI Onsite Parking.
Jul 04
44,000
sqft
For Sale Office Medical Retail Industrial

Grand Rapids

Market Report

Number of Listings
Posted in the last 90 days
14
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,610

Grand Rapids Rates

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.

Grand Rapids Listing Supply

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.

Grand Rapids Community

Market Data

Real time and historical data on commercial real estate listings in Grand Rapids.
Research