The typical asking rate per listing is in the $10's per square foot per year. The West Grand region is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the Grand Rapids market, the West Grand region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 8,250 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 1 stories. Most buildings in this area 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. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst West Grand occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.