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ADVANTAGE COMMERCIAL REAL ESTATE 15
2021 MID-YEAR MARKET TREND REPORT
920 Cherry Street SE, Grand Rapids 1471 E Beltline Avenue NE, Grand Rapids
Sold | 31,067 SF | $2,800,000 Leased | 7,000 SF | $24.00/SF, NNN
401 Hall Street SW, Grand Rapids
Leased | 6,953 SF | $9.00/SF, Gross
RETURN TO OFFICE COMFORT LEVEL SURVEY OF SPACE NEEDS
Source: Morning Consult Source: Morning Consult
76%
Less office space needed
Comfortable
18%
No change
Uncomfortable
6%
More office space needed
MAR ‘21 APR ‘21 MAY ‘21 JUN ‘21 JUL ‘21
