Most listings are in the $20's per square foot per year. The Belknap Lookout submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Grand Rapids market, the Belknap Lookout region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1900 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. Professional services is the dominant industry in this market. Most of the residents of Belknap Lookout work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.