Amazon highlights an active year for vacant land sales

Executive Summary

The West Michigan commercial real estate market is characterized by low and decreasing vacancy, record-high rental rates in prime locations, and extremely strong demand as companies continue to enter and expand within the area. The unemployment rate for the Grand Rapids-Wyoming MSA at the end of the third quarter was a mere 2.7 percent, and the population has grown
by 5.8 percent since 2010, which has translated into a very healthy real estate market. Because of rising property values and limited available inventory, vacant land owners have benefited and will continue to do so.

 

Click here for the full 2018 Land Market Report.