Most listings are in the $20's per square foot per year. The Heartside-Downtown Grand Rapids submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Grand Rapids market, the Heartside-Downtown Grand Rapids submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 29 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,310 sqft. Most properties in this region are around 5 floors. Most buildings in this market were built in 1890 and are Class Class B.
A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. 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.