PLACE | 11
COMMERCIAL REAL ESTATE
Industrial space under construction grew throughout 2025, reaching 1.4 million square feet in Q3 — more than quadrupling from the 275,500 square feet under construction the same period the previous year.
SQUARE FEET OF INDUSTRIAL SPACE UNDER CONSTRUCTION BY QUARTER
SQUARE FEET OF OFFICE SPACE UNDER CONSTRUCTION BY QUARTER
2,676,356
450,000
3.0M
400,000
2.5M
350,000
2.0M
300,000
1,420,744
250,000
1.5M
774,766
200,000
1.0M
150,000
349,700
100,000
500K
50,000
0
0
2019
2020
2021
2022
2023 2024 2025
2019
2020
2021
2022
2023
2024
2025
Source: NAI Wisinski of West Michigan
Source: JLL
The Right Place, Inc. | State of the Region 2025
Made with FlippingBook - professional solution for displaying marketing and sales documents online