Figure

Grand Rapids Retail MarketView H2 2020

February 5, 2021

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• 25 buildings were delivered to the market in 2020, adding 426,929 sq. ft. of retail space.

• Occupancy fell 80 bps, year over year, hovering around 95.8% at the end of 2020.

• The average asking lease rate increased $0.56, year over year, reaching $12.06 per sq. ft.