Grand Rapids Industrial

Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
86
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
1,860
As of: December 7, 2016

Grand Rapids Rates

The typical asking rate per listing is in the $20's per square foot per year. The Grand Rapids region is seeing a a boost in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 36% rise 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 discounted submarket.

Grand Rapids Listing Supply

In the last 90 days, 86 listings have come on the market, so you'll want to check back regularly for new listings. About 2% 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.

The standard measurement for office space in this area is around 1,860 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1920 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