• Construction activity underway throughout the market
  • Over 150,000 sq. ft. leased on Patterson Avenue (Southeast Submarket).
  • Viking Group to build new headquarters in Caledonia Township (Southeast Submarket).
  • Axis Company to build $4 Million facility in a location to be determined.
  • Project Rapids proposed 855,000+/- sq. ft. warehouse/ distribution facility on vacant Steelcase site in Gaines Township (Southeast Submarket).
  • Grand River Aseptic Manufacturing to purchase land on Butterworth Street SW (Downtown) to expand its life sciences operation.
  • Market vacancy continues to drop.
  • Rental rates begin to escalate; gap still remains between rental rates for existing buildings compared to new construction.