Grand Rapids is the 54th largest multifamily market with 76,643 completed units and 11,482 units in development, 2,137 of which have already broken ground. ground, as of December 2021.
Grand Rapids Multifamily Market Summary – December 2021
New lease asking rents are at $1,164, up 11.5%▲
from the previous year placing Grand Rapids at
58th overall in year-over-year rent growth.
