Belknap Lookout Retail

Belknap Lookout

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
2,130
As of: July 25, 2017

Belknap Lookout Rates

On average, listings lease in the $20's per square foot per year. The Belknap Lookout region is going through a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 48% increase in rent.

Compared to the rest of the Grand Rapids market, the Belknap Lookout submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Belknap Lookout Listing Supply

In the last 90 days, 2 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 250% of the available leases in the Belknap Lookout are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,130 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1900 and are Class Class B.

Belknap Lookout Community

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 market. Most of the occupants 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.

Market Report

Trends and status of the commercial real estate market in Belknap Lookout.
Market Report

Market Data

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