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Michigan Business Network: Kettering - Top

CBRE | Grand Rapids Office, Retail and Industrial MarketView Reports

 

CBRE GRAPRIL 2018 MARKETVIEW GRAND RAPIDS Q1 2018 CBRE Research

Grand Rapids Retail  
Retail demand continues despite recent store closures

  • Vacancy Rate: 6.9%
  • Net Absorption: 96,566 SF
  • Completions: 24,190 SF

Grand Rapids Office
Construction continues throughout market

  • Vacancy Rate: 13.7%
  • Net Absorption: 33,004 SF
  • Completions: 0 SF

Grand Rapids Industrial & Logistics
New construction responds to low vacancy trend

  • Vacancy Rate: 2.1%
  • Net Absorption: 316,381 SF
  • Completions: 0 SF

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