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 decreased $2 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Grand Rapids market, the Grand Rapids region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 56 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Grand Rapids are subleases, so you will probably have to consider a longer term lease. 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 measurement for office space in this area is around 1,900 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1920 and are Class Class B.