Two new reports indicate that occupancy Michigan's commercial buildings is keeping pace with new construction, and has increased in buildings overall. Even lower vacancy rates are noted in medical buildings; not just in the "Medical Hill" mile, but in other parts of the region, as well.
According to excerpts from the story:
Michigan businesses are finding keys to growth in the Grand Rapids community, and the evidence is not only in speculation and increased calls of curiosity, but in the numbers. Two reports this week provide continued optimism for West Michigan.
The 2007 Building Owners and Managers Association of West Michigan annual report is indicative of current and anticipated regional growth. Even with 20 new buildings and almost 400,000 square feet of new space available in the last year, occupancy has not only met the expectations of the new construction, but increased in buildings overall.
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