OFFICE
Developer: OVD Purchased Building Status: Complete TBD NOTABLE PROJECT
Investment: $3.8 Million Footprint: 30,000 sq ft Address: 37 Ottawa Ave NW Suite 400, Grand Rapids, MI 49503 Description: OVD Insurance is investing $3.8 million to build out 30,000 square feet of office space on the third and fourth floors of the approximately 100,000-square-foot building at 37 Ottawa Ave NW in downtown Grand Rapids. The firm co-purchased the seven-story building, originally constructed in the 1880s, with CWD Real Estate, which had owned it since 2012. About 120 employees will relocate from Wyoming, Michigan, where OVD bought its current 26,144-square-foot building in 2010 for $530,000. The company plans to grow to 225–250 employees over five years, supported by a $1 million state grant.
Office Inventory
13,532,745 SQ FT
After seven quarters of flat inventory, office space crept up 14,000 square feet to 13,532,745 in Q4 2025 where it remains as of Q1 2026. In general, office inventories have remained stable since the beginning of 2024.
Source: JLL
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