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2022 Q2 Grand Rapids Industrial Market Report

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While challenges persist, the West Michigan industrial sector remains strong.

 

Industrial demand is still booming, prices remain firm or increasing and there’s still many buyers looking for the right space for e-commerce warehousing, distribution, reshoring critical businesses and growing advanced manufacturing capabilities.

 

That doesn’t mean there aren’t future challenges for the industrial sector. With interest rates rising and inflation persisting, the industrial sector may feel the impact of things slowing down, with properties remaining on the market for longer and buyers being more constrained in what they can afford. For now, there continues to be a very strong demand for space.


Q2 Market Trends_Industrial

2022 Q2 Grand Rapids Industrial Market Report

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Chris VanderBand

Associate

Grand Rapids

I have lived in West Michigan my entire life and know the area well. I leverage my knowlege of the market and the resources provided by Colliers to create a comprehensive marketing strategy to maximize value for my clients. Along with the innovative technological tools available from Colliers, the collaborative culture of the company allows for additional value-added resources from the shared knowledge of teams across the nation dedicated to specialization within the industrial commercial real estate sector. 

My primary focus lies within vacant land, investments, or existing buildings for industrial use. My experience includes sales, leases, sale-leasebacks, broker valuation services, and other real estate services for purchasers, tenants, sellers, and landlords.

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