On average, listings lease in the $20's per square foot per year. The Grand Rapids submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 28% rise in rent.
Compared to the rest of the Grand Rapids market, the Grand Rapids submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 79 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available space in the Grand Rapids are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,900 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1920 and are Class Class B.