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)
3,410
As of: June 22, 2017

Heartside-Downtown Grand Rapids Rates

The typical asking rate per listing is in the $20's per square foot per year. The Heartside-Downtown Grand Rapids submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $26 per sqft per year.

Compared to the rest of the Grand Rapids market, the Heartside-Downtown Grand Rapids region has greater 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 posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 19% of the available space in the Heartside-Downtown Grand Rapids are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,410 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this area were built in 1890 and are Class Class B.

Heartside-Downtown Grand Rapids Community

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