Heartside-Downtown Grand Rapids Retail

Heartside-Downtown Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
4,540
As of: March 12, 2017

Heartside-Downtown Grand Rapids Rates

Most listings are in the $20's per square foot per year. The Heartside-Downtown Grand Rapids region is experiencing a decline in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decline in rent.

Compared to the rest of the Grand Rapids market, the Heartside-Downtown Grand Rapids region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Heartside-Downtown Grand Rapids Listing Supply

In the last 90 days, 16 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 6% of the available leases in the Heartside-Downtown Grand Rapids are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 4,540 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 5 stories. Most buildings in this market were built in 1890 and are Class Class B.

Heartside-Downtown Grand Rapids Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Heartside-Downtown Grand Rapids residents. 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 Heartside-Downtown Grand Rapids.
Market Report

Market Data

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