The typical asking rate per listing is in the $20's per square foot per year. The Belknap Lookout submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $26 per sqft per year.
Compared to the rest of the Grand Rapids market, the Belknap Lookout submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1900 and are Class Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Most of the residents of Belknap Lookout work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.