APRIL 2018 MARKETVIEW GRAND RAPIDS Q1 2018 CBRE Research

Grand Rapids Retail  
Retail demand continues despite recent store closures

• Vacancy Rate: 6.9%
• Net Absorption: 96,566 SF
• Completions: 24,190 SF
  

Grand Rapids Office
Construction continues throughout market

• Vacancy Rate: 13.7%
• Net Absorption: 33,004 SF
• Completions: 0 SF
  

Grand Rapids Industrial & Logistics
New construction responds to low vacancy trend

• Vacancy Rate: 2.1%
• Net Absorption: 316,381 SF
• Completions: 0 SF