Grand Rapids Industrial

Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
67
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,670
As of: July 21, 2017

Grand Rapids Rates

The typical asking rate per listing is in the $20's per square foot per year. The Grand Rapids submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 28% increase in rent.

Compared to the rest of the Grand Rapids market, the Grand Rapids submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Grand Rapids 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 99% of the office spaces in the Grand Rapids are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1923 and are Class Class B.

Grand Rapids Community

Market Report

Trends and status of the commercial real estate market in Grand Rapids.
Market Report

Market Data

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