Despite the drama unfolding in the office space market Grand Rapids remains in a far better position than the national average.
"""Grand Rapids had an office vacancy rate of 12.7% in the first quarter of 2024, which compares favorably to the national office vacancy rate of 21.9%""" #GrandRapidMI
https://www.crainsgrandrapids.com/news/real-estate/owner-defaults-on-loan-for-17-story-downtown-grand-rapids-office-tower/
Owner defaults on loan for 17-story downtown Grand Rapids office tower 

The owner of the skyline-defining Bridgewater Place office tower in downtown Grand Rapids has defaulted on a $37.3 million loan after its lender grew concerned when the building’s largest tenant left.

Crain's Grand Rapids Business
Downtown is still the destination for employees and visitors. There is no evidence of an urban/downtown "Exodus", as declared by the Chamber of Commerce types. #DowntownGR #GrandRapidMI
http://s3.amazonaws.com/downtowngr.org/ourwork/DDA-Agenda-Packet-June-2023.pdf
Updated the ridership numbers @ https://urbangr.org/therapid - check out the 19 MONTHS of month-over-month ridership increases. #transit #GrandRapidMI #UrbanGR
RAPID (Municpal Area Mass Transit) | Urban Grand Rapids