Large Tenants Continue to Invest in West Michigan as Work-From-Home Orders Lift
Grand Rapids, MI (May 26, 2021) – Advantage Commercial Real Estate Services LLC announces the newly signed lease of 14,994 square feet at 5300 Patterson Ave SE, Grand Rapids, owned and managed by Franklin Partners. Despite 2021 Q1 market trends displaying a slowdown in office leases and in-person work, West Michigan continues to thrive with large companies and major tenants drawn to the market.
“With the recent reversal of the work-from-home order, we fully expect office activity to pick up,” says Duke Suwyn, Principal, Senior Vice President and Investment Advisor. “Despite national trends, West Michigan remains identified as an appealing market for large companies to invest. We are proud of this reputation and will continue to deliver quality office space options for tenants looking to grow here in Michigan.”
The notable office building, conveniently located just minutes from the Grand Rapids Airport and 28th Street offers excellent visibility and location for tenants. In a post-pandemic market, many businesses are re-evaluating their office space and are seeking Class A amenities. Since employees have grown comfortable working from home, companies are forced to get creative in the office environment they provide. Trends like this will increase demand for office buildings like 5300 Patterson. Businesses seeking new space are looking for an innovative and modern floor plan, flexible workstations, outdoor seating, and additional space for social distancing.
“I’m proud of West Michigan’s ability to adapt and provide leading-edge properties while building trusting relationships with our tenants,” says Don Shoemaker, Owner, Franklin Partners. “We are dedicated to offering safe, innovative options for the post-pandemic workforce.”
For media interview requests, including advisors to share regular updates on commercial real estate industry trends, contact Sarah Cavanaugh at 616.560.3627 or Sarah@CavanaughCommunications.com. To learn more about Advantage Commercial Real Estate Services LLC, visit http://www.AdvantageCRE.com.