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2021 Q1 Grand Rapids Industrial Market Report

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The industrial market has continued to be a bright spot for the commercial real estate industry throughout the COVID-19 pandemic. That trend continued through the end of 2020 and throughout the first quarter of 2021. The new year, however, offered a fresh start and a potential light at the end of the pandemic tunnel. In multiple markets, industrial demand continues to far outpace supply. At the same time, there has been almost no speculative building. Businesses want to grow but remain cautious due to uncertainties related to the pandemic. It has also been difficult to find experienced talent despite an unemployment rate of nearly 6 percent. In multiple markets, advisors are seeing consistent activity after the initial hesitation spurred by the pandemic. 

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2021 Q1 Grand Rapids Industrial Market Report

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Related Experts

Steve Poole

Vice President

Grand Rapids

I have been working in the commercial real estate industry since 1996. During this time, I have successfully completed hundreds of commercial real estate transactions for various property types and sizes. 

Throughout my career, I have consistently been a top producer, representing clients on national, regional and local levels to fulfill their commercial real estate portfolio requirements. My experience includes transactions across several sectors including industrial, office, retail, land and other unique property types.

I proudly represent Colliers and utilize their research, insights and resources to provide top-tier commercial real estate services throughout Northern Michigan, working out of the Traverse City office.

My specialties include landlord and owner representation, corporate real estate representation, real estate portfolio planning, tenant and buyer representation, investment sales, sale leasebacks and land sales. 

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Julie OBrien

Vice President

Lansing

I joined Colliers in 2019 bringing more than 25 years of client/customer service experience to the Colliers team. I have worked in commercial real estate as an industrial advisor and team leader with a focus on growing the mid-Michigan industrial sector since 2011. My experience includes seller/landlord and purchaser/ tenant representation, site selection, broker’s valuation assistance and numerous other real estate services. I take great pride in the relationships I have developed with my clients while providing the highest quality of service to fulfill their unique real estate needs.

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