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2022 Q3 West Michigan Office Market Report

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The coming months will be definitive for the future of West Michigan’s office sector. Big questions since the COVID-19 pandemic have been, “What will happen as leases expire? Will office users continue to be office users?”

 

Landlords have been asking these questions, and the answer could lead to significant cutbacks in office usage. Advisors have seen consistent pullback from office tenants as their leases expire, though this appears to impact professions in which face-to-face interaction is less important. This downward trend appears to be offset by the growth of new companies and buyers, many of which are medical-related.

 

Read more in our market report. 


Q3 Market Trends_Office

2022 Q3 West Michigan Office Market Report

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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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