The typical asking rate per listing is in the $20's per square foot per year. The Belknap Lookout region is seeing a a rise in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Grand Rapids market, the Belknap Lookout submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most properties in this area are close to 2 stories. Most buildings in this region 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. Professional services is the dominant industry in this market. Most of the residents of Belknap Lookout work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.