On average, listings lease in the $10's per square foot per year. The Millbrook region 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 Millbrook submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 2 listings have been made available, which means spaces 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 1,900 sqft. Most properties in this region are approximately 1 floors. Most buildings in this market were built in 1977 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Millbrook occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.