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Displaying items by tag: Bradley Co LLC

The thriving and consistently crowded industrial real estate market has recently had to accommodate an increasing number of cannabis growing and processing plants in the municipalities that allow them.

GRAND RAPIDS — Rental rates are rising for prime downtown Grand Rapids office space, but vacancy rates are also up significantly compared to previous years, according to a recent report from global real estate services firm JLL.

WALKER — The Walker City Commission has approved plans for a new 285,000-square-foot speculative industrial manufacturing building and the creation of an industrial development district on the property.

Multifamily and industrial are the two hottest commercial real estate markets in West Michigan while the outlook for office and retail is comparatively less optimistic, according to a new first quarter commercial real estate trend report.

The retail industry was among the hardest hit by COVID-19 restrictions and shutdowns, but West Michigan’s commercial real estate sector is showing signs of recovery and creating optimism among experts.

As national trends show a rapid decline in the value of shopping malls, West Michigan commercial real estate experts are most worried about the fate of RiverTown Crossings in Grandville.

In a typical year, around 40,000 office workers a day are in downtown Grand Rapids buying coffee or lunch, or sticking around to shop or attend an event. 

The West Michigan lakeshore office market has remained relatively stable during the COVID-19 pandemic compared to larger cities like Grand Rapids, Detroit and Chicago, according to city officials and real estate experts. 

The West Michigan commercial real estate market has been relatively stagnant during the pandemic-induced shift to remote working, but advisers see some room for optimism ahead of a vaccine rollout and with several recent office deals. 

GRAND RAPIDS — Compass Insurance Agency is proposing a Class A office expansion along the Grand River north of downtown Grand Rapids.  

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