Regional Industries
Development Report
Our Development Report provides an analysis of West Michigan’s industrial, commercial, office, retail, and housing development sectors. The report intends to provide those in the development sector with the latest trends and insights regarding development corridors, market demand, and potential future growth areas.
Read Our 2025 Development Report
Take a look at the state of the development sector across the Greater Grand Rapids Region.
2025 Development Report Highlights
- Grand Rapids maintained one of the lowest industrial
vacancy rates in the nation, standing at 2.4% by
the end of 2024 - Average asking office lease rates experienced a slight drop, settling to $21.37 per square foot
- Notable projects include Bamboo Coworking Space, Benteler Automotive, RiverTown Crossings Mall, and 111 Lyon
- Looking ahead, the Greater Grand Rapids commercial real estate market is poised for growth