Grand Rapids Office Space for Rent or Lease

Office Space for Rent Grand Rapids MI | Coworking Space | Executive Offices

We have office spaces for lease located in prime Grand Rapids business positions, offering office suites in a range of sizes and configurations. With short term and flexible contracts, will have the benefit of an enviable business address in Grand Rapids, Michigan inclusive of an extensive range of support services and facilities, without the long-term commitments of a conventional office space lease.

Features of Office Space for Lease in Grand Rapids

We offer businesses of all size the simplest, fastest and easiest way to secure professional office space in Grand Rapids, Michigan. Our executive office suites, coworking space and private office spaces for rent come with an extensive range of amenities such as onsite parking included, and flexible rental contracts that are made to suit you. We work hard to ensure that the whole process is as simple as possible for the companies we assist. Whether you require an office property rental, private offices, coworking spaces, vacation rentals, or even an executive suite in a Grand Rapids industrial park, retail property or commercial building - we'd love to hear from you.

Grand Rapids Commercial Real Estate: Office Space

There are nearly 100 office buildings in downtown Grand Rapids, and the office market covers an area totaling nearly 19 million square feet of space, the majority of which are in centrally located streets like Monroe and Ottawa Ave.

Popular Office Locations: The office market is divided into 12 sub-markets: two in the downtown area (CBD and non-CBD downtown), and 10 in suburban areas, including Airport, Burton / Breton, Cascade, Centennial Park, Beltline Corridor, Paris Corridor, Northwest, Southeast, Southwest and Northeast Grand Rapids. Outside of CBD, largest sub-markets are Southeast and Cascade.

Vacancy Rates & Availability: Absorption rates evidence an upward trend, pointing at growing demand and a strengthening market, especially in downtown core areas, and to a lesser extent in the suburbs. Vacancy rates city-wide are low at around 10 percent.

Average Rental Prices: Average asking rates are below $20 / sq ft / year, although there is a significant price variation across all sub-markets, where rents can go from $13 to nearly $30 / sq ft / year. The highest rental values often belong to properties in the CBD and the Paris Corridor, where they range from $17 to $20 / sq ft / year, whereas the most affordable options are in the Airport area and in Cascade, where rates usually stay below $13 (2017 data). A surge in renovations in downtown area and new construction in the suburbs is expected to keep the market's momentum going strong.

Find Grand Rapids Office Space

Most of the commercial properties for lease provide receptions, state-of-the-art print and scanning amenities, internet and network wiring, telecommunications set up, and furnishings. Most of the business centers also provide on-site IT support, meeting rooms, video conferencing, all-hours access and other professional services and amenities.

We would love to help you find your ideal new coworking space or private office for lease. Just select any of the offices to rent in Grand Rapids displayed above. All of the office space listed on this site is in a prestigious location, and is available for lease on flexible terms.

Why You Should Rent Office Space in Grand Rapids MI

Grand Rapids is the second largest city in the state of Michigan and has a strategic location half way between Detroit and Chicago. For decades, the local economy was predominantly reliant on mining and furniture manufacturing, but currently Grand Rapids has a modern and diverse industry base that is primarily fueled by sectors like information technology, healthcare services, aviation, education, tourism, arts, and recreation.

Key Employers: Healthcare corporation Spectrum Health is the city's largest employer, having more than 15,000 employees. Other important employers (with 2,000 to 8,000 employees each) include retailer Meijer, Johnson Controls, Steelcase, Grand Rapids Public School District, St Mary's Healthcare, Fifth Third Bank, the City of Grand Rapids, Lacks Enterprises, Hope Network, and Grand Rapids Community College.

Labor Market & Employment: Job seekers are drawn to the city due to its low living costs and unemployment levels almost two percentage points below the national average. In fact, Grand Rapids is among the most active employment markets in West Michigan and ranks well in the list of 73rd Most Educated Cities in America. According to the Bureau of Labor Statistics, the city has an active population of more than 500,000 people, and the largest occupational groups are manufacturing, trade, transportation and utilities, education and healthcare, professional and business services, leisure and hospitality.

Business Support & Incentives: Grand Rapids has an active entrepreneurship scene that keeps growing with a focus on improving financing and skill development opportunities. Some of the fastest-growing companies in the state are based in Grand Rapids, including online first aid training provider ProCPR, and other tech players such as NETech, Atomic Object, Open Systems Technology, and Service Express.

The city ranks in 31st place in the list of the 200 Best Places for Business and Careers in the US, ahead of Washington DC, San Diego, and Boston, and it also has a good ranking in the Cost of Doing Business Index, being better positioned than larger cities like Dallas, Las Vegas, or Portland. Some local organizations that can provide orientation to start-ups and business owners include Start Garden, Jandernoa Mentoring, and EO Grand Rapids.

Find Executive, Shared & Small Office Space in Grand Rapids, Michigan

Offices.net now has more office space available for lease than ever with prices to suit every budget. Freelancers, entrepreneurs, project teams and companies of any size should be able to find the business office for lease they need using Offices.net. Whether you require coworking space, private office spaces, industrial space, an entire building rental, or Grand Rapids retail spaces for lease - we'd love to assist you. Get in touch and we will do everything we can to help you find the perfect office space for lease.