With three months left in 2024, commercial real estate investing in Grand Rapids totals just over $307 million this year. This represents a sizeable decline in sales volume after reaching a record-setting $1.1 billion in 2022. Of the $307 million worth of sales across all property types, industrial property sales have the largest share. But this hasn't always been the case; since 2020, multifamily sales have led the area with the highest sales volume in three out of the past five years.
Grand Rapids experiences weakened investing in 2024
Multifamily investing leads in recent years
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