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Report indicates Q1 industrial, office vacancy trends differ

JLL released its 2022 first-quarter West Michigan industrial and office reports, and the differences are striking. The industrial report revealed that 921,392 square feet of industrial space in West Michigan was absorbed, decreasing the vacancy rate in the region to 3.2%. The average asking rent price increased to $4.06 per square-foot, up 1.8% from the […]

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Innovation marks real estate response

Innovation marks real estate response

West Michigan brokers and agents had to adjust to weather the COVID-19 pandemic in 2020 across the industrial, office, retail and multifamily markets, according to real estate leaders who spoke at the virtual West Michigan Economic and Commercial Real Estate Forecast. “West Michigan made it through an extremely tough year in 2020, and I am […]

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Industrial space remains hard to find

Industrial space remains hard to find

According to the third quarter market reports from NAI Wisinski West Michigan, the industrial sector is pushing through COVID-19 territory thanks to Michigan’s strong manufacturing backbone, but the region may have yet to see the long-term effects of the pandemic on other real estate sectors. It’s still too early to determine the damage COVID will […]

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