Grand Rapids Office Space

Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
67
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,670
As of: August 20, 2017

Grand Rapids Rates

On average, listings lease 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 rose $1 per sqft per year. That's a 5% increase 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, 67 listings have been listed, so you'll want to check back regularly for new listings. About 76% of the listings in the Grand Rapids are subleases, so you might be able to find a shorter term or below market rent. 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 1,670 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1924 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