The typical asking rate per listing is in the $10's per square foot per year. The Millbrook submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $18 per sqft per year.
Compared to the rest of the Grand Rapids market, the Millbrook submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been listed, which means spaces 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 1,900 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Millbrook residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.