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.
Most commerial real estate listings for lease are in the $20's per square foot per year. The Heartside-Downtown Grand Rapids submarket is going through a a boost in rates. In the last 3 months, the median rate for lease went up $1 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Grand Rapids commercial real estate market, the Heartside-Downtown Grand Rapids region has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot region.
In the last 180 days, 386 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Heartside-Downtown Grand Rapids are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 240 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this region were built around 1891 and are Class .
This market is fairly equally mixed residential and commercial. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Heartside-Downtown Grand Rapids residents. Commuting between 30 and 45 minutes 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 Heartside-Downtown Grand Rapids.
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