Top 10 Largest Office Buildings
in Downtown Grand Rapids
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 234 Market | 234 Market Avenue SW, 49503 | 242,452 | 2018 |
| 99 Monroe Building | 99 Monroe Avenue NW, 49503 | 173,657 | 1983 |
| PNC Bank Building | 171 Monroe Avenue NW, 49503 | 166,244 | 1984 |
| Exhibitors Building | 220 Lyon Street NW, 49503 | 147,340 | 1941 |
| Waters Center | 161 Ottawa Avenue NW, 49503 | 140,000 | 1959 |
| The Trust Building | 40 Pearl Street NW, 49503 | 130,000 | 1981 |
| Ledyard Building | 125 Ottawa Avenue NW, 49503 | 130,000 | 1987 |
| The Warner Building | 150 Ottawa Avenue NW, 49503 | 130,000 | 2019 |
| Arena Place | 45 Ottawa Avenue SW, 49503 | 111,423 | 2016 |
| 77 Monroe Center | 77 Monroe Center Street NW, 49503 | 111,031 | 1926 |
Largest Office Properties Recently Completed
in Downtown Grand Rapids
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| The Warner Building | 150 Ottawa Avenue NW, 49503 | 130,000 | 2019 |
| 234 Market | 234 Market Avenue SW, 49503 | 242,452 | 2018 |
| Arena Place | 45 Ottawa Avenue SW, 49503 | 111,423 | 2016 |
| Blue35 | 35 Oakes Street SW, 49503 | 56,100 | 2014 |
| 100 Cherry Street SE | 100 Cherry Street SE, 49503 | 79,294 | 2011 |
| 38 Commerce Avenue SW | 38 Commerce Avenue SW, 49503 | 30,650 | 2011 |
| 64 Ionia Avenue SW | 64 Ionia Avenue SW, 49503 | 30,000 | 2005 |
| Steketee's Building | 86 Monroe Center Street NW, 49503 | 103,750 | 2004 |
| 56 Grandville Avenue SW | 56 Grandville Avenue SW, 49503 | 57,000 | 1999 |
| 25 Ottawa | 25 Ottawa Avenue SW, 49503 | 81,041 | 1997 |
News
Multifamily sales across top metros nationwide have increased significantly over the past decade. The transaction volume in 2019 alone was $129 billion, compared to $13.4 billion in multifamily sales in 2009.
The Golden State contributed 29 locations with average asking rents ranging from $58.70 to $109.57 per square foot per year. The second-most dominant representation in our top 50 was New York, which added a total of 13 entries.
Apex Capital Investments purchased Grand2 — a 352,000-square-foot, nine-story office building in Tempe, Ariz. — from Lincoln Property Company for $187.5 million, or $534 per square foot. The building is fully leased to DoorDash, the San Francisco-based food delivery behemoth. The deal, which was...