Listing Agency: n***@cbre.com Show Phone

Listed By: Nate Scherpenisse Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 20 at 9:08AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nate Scherpenisse

Investment Insights

Based on property information with market context.

Available for lease is an office space located at 40 Pearl Street Northwest in Grand Rapids, Michigan. The property offers 37,244 square feet of office space. The listing price is $19.

Key Highlights

• Office space available for lease
• Located in Grand Rapids, Michigan

Property Analytics

Property Profile

Current Use

Xtreme RFID Industrial Manufacturer Judd & Fricke PLLC Law Firm MaxOne (Bike/Boat/Book/etc) Store Collective Metrics (Bike/Boat/Book/etc) Store University of Michigan Club University

Suggested Use

Top Pick Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.60 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

7,314

Businesses Nearby

Explore this area Business Placement

Demographics for 49503, MI

39,344

Population

19,017

Households

2.1

Avg Household Size

30

Median Age

44%

College-Educated

88%

High-School Grad

7.3 sq mi

ZIP Area

5,390

Density / Sq Mi

$61,734

Median Household Income

$36,694

Median Earnings

$1,207

Median Rent

$224,100

Median Home Value

Market

Lease Benchmarks for Grand Rapids, MI

$17.51 /SF/Yr

Avg Asking Price

$4–$36 /SF/Yr

Price Range

14,288 SF

Avg Space Size

This space is priced 37% above the average of $17.51 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space available for lease in Grand Rapids, Michigan.

Where is this office units located?

The property is located at 40 Pearl Street Northwest Grand Rapids, MI.

What is the lease rate?

The lease rate is $24 SF/Yr.

What are key features of this property?

This property features: Office space available for lease; Located in Grand Rapids, Michigan