Displaying items by tag: JLL Inc
Lending to the commercial real estate sector remained strong through the first quarter, particularly for manufacturing and multifamily residential developments.
As companies take varied approaches to in-person and remote work, commercial real estate experts generally agree that office square footage needs will likely shrink with the adoption of more hybrid workspaces.
Commercial real estate experts have struggled to predict the future of the office market since the COVID-19 pandemic started, though they expect demand for high-quality office spaces to remain strong.
Michigan’s economy overall is recovering from last year, but lingering effects from COVID-19 are having a disproportionately negative effect on small businesses, according to a new report released by the Small Business Association of Michigan.
With fewer COVID-19 restrictions on in-person shopping and rising consumer confidence, retail experts and small business owners hope to see an increase in holiday shopping compared to 2020
West Michigan’s commercial office market is in a lull as companies remain hesitant to bring back workers while offering more flexible schedules, leading to worsening vacancy rates and a lack of investment in new construction.
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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.
GRAND RAPIDS — The Western Michigan University Cooley Law School building in downtown Grand Rapids is on the market for $19.8 million.
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.