Grand Rapids Retail

Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
79
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
1,900
As of: December 4, 2016

Grand Rapids Rates

On average, listings lease in the $20's per square foot per year. The Grand Rapids submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 28% rise in rent.

Compared to the rest of the Grand Rapids market, the Grand Rapids submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Grand Rapids Listing Supply

In the last 90 days, 79 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available space in the Grand Rapids are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 buildings in this area are close to 2 floors. Most buildings in this area were built in 1920 and are Class Class B.

Grand Rapids Community

Market Report

Trends and status of the commercial real estate market in Grand Rapids.
Market Report

Market Data

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