Northeast Grand Rapids Industrial

Northeast Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
3,380
As of: March 12, 2017

Northeast Grand Rapids Rates

On average, listings lease in the $10's per square foot per year. The Northeast Grand Rapids submarket is seeing a decline in rates. In the last 3 months, the median rate fell $24 per sqft per year. That's a 60% decline in rent.

Compared to the rest of the Grand Rapids market, the Northeast Grand Rapids region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Northeast Grand Rapids Listing Supply

In the last 90 days, 9 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,380 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 1 floors. Most buildings in this market were built in 0 and are Class A.

Northeast Grand Rapids Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northeast Grand Rapids residents. Commuting close to 20 minutes 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 Northeast Grand Rapids.
Market Report

Market Data

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