Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Grand Rapids commercial real estate market incorporates 10,933,793 square feet of office space across 153 buildings.
Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Grand Rapids, the coworking segment of the commercial real estate market incorporates about 3,655 square feet.
- Retail space
includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Grand Rapids commercial real estate market includes 4,376,153 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Grand Rapids market, there is a total of 15,368,555 square feet of industrial property.
1353 Kalamazoo Ave SE, Oakdale, Grand Rapids, MIFor Sale
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1140 Monroe Ave NW, Belknap Lookout, Grand Rapids, MIFor Lease
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60 Monroe Center St NW, Downtown Grand Rapids, Grand Rapids, MIFor Sale%20MI,%20Grand%20Rapids%20USA%20Kitchen%20-%20Calder%20Plaza.jpg?width=450 "Downtown Grand Rapids")
250 Monroe Avenue NW Suite 400, Grand Rapids, MI
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35 Oakes Street SW, Downtown Grand Rapids, Grand Rapids, MIFor Lease
99 Monroe Avenue NW, Downtown Grand Rapids, Grand Rapids, MIFor Lease
1430 Michigan St NE, Fulton Heights, Grand Rapids, MIFor Lease
98 Ottawa Ave NW, Downtown Grand Rapids, Grand Rapids, MIFor Sale
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80 Ottawa Avenue NW, Downtown Grand Rapids, Grand Rapids, MIFor Lease
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