Grand Rapids Industrial

Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
67
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,120
As of: June 25, 2017

Grand Rapids Rates

Most listings are in the $20's per square foot per year. The Grand Rapids region is seeing a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year.

Compared to the rest of the Grand Rapids market, the Grand Rapids submarket has smaller 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 listed, so you'll want to check back regularly for new listings. About 43% of the office spaces in the Grand Rapids are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,120 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1921 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