The typical asking rate per listing is in the $20's per square foot per year. The Heartside-Downtown Grand Rapids submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year.
Compared to the rest of the Grand Rapids market, the Heartside-Downtown Grand Rapids region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 16 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 19% of the available space in the Heartside-Downtown Grand Rapids are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,410 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this area were built in 1890 and are Class Class B.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Heartside-Downtown Grand Rapids occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.