Belknap Lookout Industrial

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Belknap Lookout

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
1,000
As of: March 12, 2017

Belknap Lookout Rates

The typical asking rate per listing is in the $20's per square foot per year. The Belknap Lookout region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Grand Rapids market, the Belknap Lookout region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Belknap Lookout Listing Supply

In the last 90 days, 2 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market were built in 1900 and are Class Class B.

Belknap Lookout Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Most of the folk of Belknap Lookout work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Belknap Lookout.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Belknap Lookout.
Research