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2021 Q4 Office Market Trends

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The office sector in West Michigan is amidst a rebound from pandemic-related shutdowns, with a very positive amount of sales
activity in the fourth quarter of 2021. Companies have made strong comebacks from serious economic setbacks and are buying
properties and signing long-term leases. Long-term commitments are a signal of strong activity in the office sector in the year to
come. While activity has been stronger, many companies are choosing to keep workers home because of COVID-19 variants. High
construction costs and supply chain issues also persist.

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2021 Q4 Office Market Trends

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Related Experts

Kristen Moore

Senior Associate

Grand Rapids

As a natural communicator, I intend to bring my commercial real estate savvy and expansive network to my new role at Colliers International | West Michigan.

With fifteen years of diverse real estate experience ranging from multi-family development finance with the Inner City Christian Federation, to retail brokerage at M Retail, and property acquisition at Vision Real Estate Investment, I am a well-rounded in all things commercial real estate.  

My forte is forming personal relationships with clients to identify solutions to their current and future needs. Whether its growth or a consolidation, my financial background and current knowledge of the commercial real estate market results in a seamless process, from start to finish.

With this in mind, I look forward to collaborating with Colliers’ fellow experts and strengthening my relationships within the West Michigan community.

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Scott Morgan

Senior Vice President

Grand Rapids

 

Throughout my career as a real estate professional, I have maintained my strong client base and reputation for focus on suburban office properties because of the strong relationships I have developed with landlords whom I continue to represent in leasing and sale transactions.

I pride myself on being extremely up-to-date on significant suburban office developments and trends in the West Michigan market.

Focusing on owner-occupant office building purchases, I use a series of analytical tools, and have been very successful in helping many businesses make their first real estate investment by purchasing their own building.

I also continue to devote more energy to the growing medical and health care industry in West Michigan, and have closed over 50 medical transactions in the past 10 years, representing area physicians in both purchase and lease transactions.

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