SWAN Office Space

SWAN

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
2,780
As of: December 4, 2016

SWAN Rates

On average, listings lease in the $30's per square foot per year. The SWAN region is seeing a a rise in rates. In the last 3 months, the median rate increased $39 per sqft per year. That's a Inf% increase in rent.

Compared to the rest of the Grand Rapids market, the SWAN submarket has higher rates, and you'll need to make a great offer to be in this hot region.

SWAN Listing Supply

In the last 90 days, 2 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,780 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 1 floors. Most buildings in this region were built in 1920 and are Class B.

SWAN Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst SWAN folk. Commuting between 30 and 45 minutes 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 SWAN.
Market Report

Market Data

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