Belknap Lookout Office Space

Belknap Lookout

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
2,050
As of: July 19, 2017

Belknap Lookout Rates

Most listings are in the $20's per square foot per year. The Belknap Lookout region is seeing a a boost in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 48% increase in rent.

Compared to the rest of the Grand Rapids market, the Belknap Lookout submarket has higher rates, and you'll need to pay a premium to be in this hot region.

Belknap Lookout Listing Supply

In the last 90 days, 2 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 400% of the listings in the Belknap Lookout 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,050 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1900 and are Class Class B.

Belknap Lookout Community

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 area. Most of the occupants 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.

Market Report

Trends and status of the commercial real estate market in Belknap Lookout.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Belknap Lookout.
Research