Grand Rapids Sublease

Grand Rapids

Office Space Market Report

Number of Listings (last 90 days)
67
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,790
As of: March 30, 2017

Grand Rapids Rates

The typical asking rate per listing is in the $10's per square foot per year. The Grand Rapids region is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 25% decline in rent.

Compared to the rest of the Grand Rapids market, the Grand Rapids submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Grand Rapids Listing Supply

In the last 90 days, 67 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Grand Rapids are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,400 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1920 and are Class Class B.

Grand Rapids Community

Market Report

Trends and status of the commercial real estate market in Grand Rapids.
Market Report

Market Data

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