Grand Rapids Office Space

Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
67
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,020
As of: February 24, 2017

Grand Rapids Rates

The typical asking rate per listing is in the $10's per square foot per year. The Grand Rapids region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 27% decrease in rent.

Compared to the rest of the Grand Rapids market, the Grand Rapids submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Grand Rapids Listing Supply

In the last 90 days, 67 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Grand Rapids are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,020 sqft. Most properties in this market are around 2 floors. Most buildings in this area 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