Belknap Lookout Sublease

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Belknap Lookout

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,000
As of: June 26, 2017

Belknap Lookout Rates

Most listings are in the $10's per square foot per year. The Belknap Lookout submarket is going through a an increase in rates. In the last 3 months, the median rate rose $18 per sqft per year.

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

Belknap Lookout Listing Supply

In the last 90 days, 2 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 150% of the office spaces in the Belknap Lookout are subleases, so you might be able to find a shorter term or below market rent. 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 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1900 and are Class Class B.

Belknap Lookout Community

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 area. Most of the occupants 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.

Market Report

Trends and status of the commercial real estate market in Belknap Lookout.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Belknap Lookout.
Research