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.
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.