On average, listings lease in the $10's per square foot per year. The Millbrook submarket is experiencing a a boost 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 region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,900 sqft. Most properties in this market are approximately 1 stories. Most buildings in this market were built in 1977 and are Class C.
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 area. Commute by car is the most popular way to get to work amongst Millbrook occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.