2023 Development Report

SUMMARY G reater Grand Rapids offers a high-growth, cost-competitive environment to take development projects from concept to concrete. The industrial market is primed with demand for build-ready sites. Likewise, vibrant communities and a growing population present countless opportunities for commercial development. Meanwhile, Greater Grand Rapids is in the midst of a housing boom, with studies indicating a 35,000-unit shortfall, equating to significant growth opportunities for multifamily developers and residential builders alike.

Note on the data: Greater Grand Rapids refers to the Grand Rapids-Kentwood metropolitan statistical area (MSA), which includes Kent, Ionia, Montcalm, and Ottawa counties.

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