Northeast Grand Rapids Retail

Northeast Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
350
As of: July 22, 2017

Northeast Grand Rapids Rates

Most listings are in the $40's per square foot per year. The Northeast Grand Rapids region is experiencing a a boost in rates. In the last 3 months, the median rate rose $16 per sqft per year. That's a 60% rise in rent.

Compared to the rest of the Grand Rapids market, the Northeast Grand Rapids submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Northeast Grand Rapids Listing Supply

In the last 90 days, 9 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Northeast Grand Rapids are subleases, so you might be able to snag a great spot on a short term. 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 350 sqft. Most properties in this area are close to 1 stories. Most buildings in this market were built in 0 and are Class A.

Northeast Grand Rapids Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Northeast Grand Rapids occupants. Commuting approximately 20 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 Northeast Grand Rapids.
Market Report

Market Data

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