The typical asking rate per listing is in the $20's per square foot per year. The West Grand submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 48% rise in rent.
Compared to the rest of the Grand Rapids market, the West Grand region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means leases are probably 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,870 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1880 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst West Grand occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.