What Retail Space Rent & Type to Expect in Grand Rapids, MI
In Grand Rapids, the average cost per square foot of renting retail space comes up to $18.13, based on local retail spaces listed for lease on our website. This price can be influenced by several factors, such as location, retail space type, space size, and the structure or type of the lease.
The most popular lease type in Grand Rapids is NNN, with 17 space(s) available for rent under such an agreement.
You can also find 5 option(s) available with Modified Gross lease agreements, and 1 Full Service listing(s).
Most Common Type of Lease for Retail Listings in Grand Rapids, MI
- NNN17
- Modified Gross5
- Full Service1
Data based on retail spaces listed for rent on PropertyShark.com.
Learn More About Retail Space Listings in Grand Rapids, MI
There is a total of 425,912 square feet of retail space in Grand Rapids.
This includes retail spaces ranging from 439 to 162,043 square feet.
Most retail spaces in Grand Rapids are sized 1,000 sqft to 2,500 sqft, with 27 retail listing(s) falling in this category.
Grand Rapids is also home to 17 listing(s) in the 2,500 sqft to 5,000 sqft size range.
Retail Size Bucket
No. of Listings
more than 5,000 sqft
11
2,500 sqft to 5,000 sqft
17
1,000 sqft to 2,500 sqft
27
less than 1,000 sqft
3
Most retail spaces in Grand Rapids fall within the Street Retail category, of which you can find 11 space(s) listed locally.
On average, this type of commercial space offers 2,270.25 square feet.
A favorite of boutique shoppers worldwide, street retail properties offer businesses great access to urban and suburban customer bases. Generally being smaller in size, these retail spaces can be a great choice for some categories of retail businesses.
Grand Rapids also hosts 1 Restaurant space(s), which have an average square footage of 5,767 square feet.
Restaurant retail space offers tenants all the amenities that such an establishment might need to prepare and serve food on the premises. That usually includes a seating area, separate kitchen and storage.
Grand Rapids, MI Retail for Lease Listings by Retail Use Type
- Street Retail11
- Restaurant1
Data based on retail spaces listed for rent on PropertyShark.com.
Grand Rapids, MI Retail for Lease Listings by Retail Use Type
2,270.25 Sq. Ft.
Street Retail
Where You Are Most Likely to Find Retail Space in Grand Rapids, MI
Some neighborhoods become famed shopping destinations thanks to their long retail history. Other times, an area’s potential for shoppers is boosted by the opening of a large shopping mall, attracting more retail development to take advantage of the influx of shoppers.
Downtown Grand Rapids is Grand Rapids's most popular neighborhood for retail, currently home to 9 listing(s).
The most popular retail space type in Downtown Grand Rapids is Street Retail, of which you can currently find 3 listing(s).
Another popular area for retail space in Grand Rapids is Belknap Lookout, which currently offers 7 retail listing(s).
In the Belknap Lookout neighborhood, the most common subtype of retail is Street Retail. You can find 3 Street Retail listing(s) here.
S.W.A.N. can also be counted among the best areas of Grand Rapids for retail leasing opportunities. This S.W.A.N. submarket currently offers 7 retail listing(s).
Downtown Grand Rapids
9
Belknap Lookout
7
S.W.A.N.
7
West Grand
7
Alger Heights
6