Grand Rapids, Michigan, is a prime location for industrial space, offering a unique blend of economic, cultural, and educational opportunities. With a diverse economy, including industries such as health care, information technology, automotive, aviation, and consumer goods manufacturing, Grand Rapids provides an ideal environment for businesses to thrive. The city's infrastructure, including the Grand Rapids Police Department, The Rapid public bus transportation, and the Gerald R. Ford International Airport, ensures easy access to resources and markets. Additionally, the city's prominent craft beer culture, attractions like the Gerald R. Ford Presidential Museum, and institutions like the Van Andel Institute and Grand Valley State University make it an attractive destination for businesses and tourists alike. With 20 industrial spaces for lease, Grand Rapids offers a wide range of options for businesses looking to establish or expand their operations.
Industrial space in Grand Rapids is a valuable asset, offering proximity to major transportation hubs, a skilled workforce, and a business-friendly environment. The city's diverse economy and strong infrastructure make it an ideal location for industrial operations, with nearby access to major roads, airports, and public transportation. In addition to industrial space, Grand Rapids also offers a range of other property types, including flex space, commercial real estate, land, and restaurants. Flex space options are available for businesses that require a combination of office and warehouse space, while commercial real estate provides opportunities for retail and office operations. Land is also available for development, and restaurants can be found throughout the city, offering a range of dining options. With its unique blend of economic, cultural, and educational opportunities, Grand Rapids is an attractive location for businesses of all types, and its industrial space is a valuable asset for companies looking to establish or expand their operations.
What is the average size of industrial space for lease in the Grand Rapids market?
The average size of industrial space for lease in the Grand Rapids market is 43,564 square feet, with 20 available listings, offering a range of options for businesses seeking industrial space in this diverse economy.
What do I need to look for when leasing an industrial space in Grand Rapids?
When leasing an industrial space in Grand Rapids, there are several key factors to consider to ensure you find the right space for your business needs.
- Average annual rent per square foot, which is currently $7 USD per square foot, and average space size, which is approximately 43,564 square feet, to determine your budget and space requirements.
- Maximum space size, which can go up to 450,000 square feet, to accommodate your business's growth and expansion plans.
- Proximity to major transportation facilities, such as the Gerald R. Ford International Airport and the Grand Rapids train station, as well as access to highways like I-96 and US 131, to ensure efficient logistics and supply chain management.
