Arena Place

Off Market

45 Ottawa Avenue SW, Grand Rapids, MI 49503

  • Office
  • General Office
  • 111,423 Sqft

Arena Place, Grand Rapids, MI 49503 - Office Space

Arena Place is located at 45 Ottawa Avenue SW in the Downtown Grand Rapids neighborhood, MI, Grand Rapids, 49503. The Class A Office building was completed in 2016 and features a total of 111,423 Sqft.

There are 109 office spaces for lease in the Downtown Grand Rapids neighborhood, totaling 341,880 Sqft of available office space. The office space availability for the 49503 zip code is 559,411 Sqft, in 155 office spaces. The average asking office rent per sq. ft. in Downtown Grand Rapids is $21.56/sqft/year. For Class A office buildings the average office rate is $23.73/sqft/year, for Class B office buildings the average office rate is $20.48/sqft/year.

In Downtown Grand Rapids, there are 11 class A office buildings. At zip code level, there are 47 commercial properties, of which 47 are office buildings over 50,000 square feet.

Nearby Listings

Nearby Properties

Details

  • City Grand Rapids
  • Neighborhood Downtown Grand Rapids
  • Zip Code 49503
  • Market Grand Rapids
  • Property Type Office - General Office
  • Property Size 111,423 Sqft
  • Lot Size 1.01 Acre
  • Parking Spaces Avail. 323
  • Parking Ratio 2.90/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2016
  • Date Updated 07 Apr, 2020

Downtown Grand Rapids Demographics

The average household income in zip code 49503 is $66,046, from a total of 15,593 households. In terms of employment, there are 79.13 % white-collar and 20.87 % blue-collar jobs in zip code 49503.

Population

  • Total Population37,255
  • Male Population(50.9 %) 18,949
  • Female Population(49.1 %) 18,306
  • Median Age29.60

Income/Financial

  • Average Household Income$66,046
  • Median Household Income$45,660
  • Median Income Under 25$23,362
  • Median Income 25-44$52,919
  • Median Income 45-64$42,694
  • Median Income Over 65$35,709