Office Spotlight 2016

West Michigan Office Spotlight

February 2016

Wisinski ofWest Michigan

Personalized service & collaborative teamwork.

Why NAI?

Your business is our business. Personalized service and collaborative teamwork form the core of our philosophy. We provide custom solutions focused on your business objectives, taking a fiduciary position with your asset to maximize value at each point of the process.

We will listen, take a holistic view of your business and apply our commercial knowledge to maximize potential, guide your investment and add value. When appropriate, we are eager to push the boundaries and do things differently, as our singular purpose is to achieve better outcomes for our clients. We are local and we are global. Our diversified platform spans from Grand Rapids across North and South America and the Caribbean, Europe, the Middle East and Africa, and in the Asia Pacific region.With our careful selection of seasoned professionals who are deeply rooted in their markets, we have developed our business to support yours over the long-term. And as you look at growth markets, so do we—with more offices globally than any othercommercial real estate firm, we are actively expanding in strategic locations so we can help you stay ahead of your competition.

In the spring of 2011, two successful and reputable companies, The Wisinski Group and NAI West Michigan merged. The merger represents collaboration, rich traditions, innovative technologies, unique cultures and diversity of skills and specialties which ultimately benefit our clients. We’re going back to our fundamentals, strengthening our core and becoming stronger in the services we provide our clients. Our focus is simple, building client relationships for life by offering market appropriate ad-vice and then executing. Our success is a direct result of its unwavering commitment to providing the best possible service to each and every client. Our Brokers, with their 562 plus years of combined experience (20.1 years average), possess the knowledge and expertise to manage the most complex transactions in industrial, office, retail, and Multi-Family specialities throughout West Michigan.

Trusted to do what we say we will do.

Achieve More.Local Knowledge. Global Reach.

Meet Our Office Team Doug TaatjesCCIM, SIOR616 292 [email protected]

Marc TourangeauMBA269 207 [email protected]

Jeremy Veenstra616 242 [email protected]

Kara Schroer269 459 [email protected]

Mary Anne Wisinski-RoselyCCIM, SIOR616 575 [email protected]

Stanley J. Wisinski, IIICCIM, SIOR616 575 [email protected]

Russ Bono616 242 [email protected]

Dick Jasinski616 575 [email protected]

Office SpecialistsRod Alderink616 242 [email protected]

Jason Makowski616 575 [email protected]

Hillary Taatjes Woznick616 242 [email protected]

330 Market Ave.LEASE: 3,900 SF

Hillary Taatjes WoznickJeremy Veenstra

545 Michigan St. NELEASE: 1,030 - 4,300 SF

Mary Anne Wisinski-Rosely, CCIM, SIOR Jason Makowski

38 CommerceLEASE: 2,769 SF


100 Grandville Ave. SWLEASE: 1,329 - 2652 SF

Doug Taatjes, CCIM, SIOR

Hillary Taatjes Woznick

1500-1550 E. Beltline Ave. SELEASE: 567 - 7,530 SF



































Samples of Available NAI Wisinski Office Properties (for a complete list, visit naiwwm.com)

























































































Samples of Available NAI Wisinski Office Properties (for a complete list, visit naiwwm.com)













































West MichiganOffice Submarket StatisticsMethodology: The office market report includes office buildings within each of the defined submarkets. Excluded are government buildings and institutional properties.

Q3 Snapshot Submarket Total RBA Total

Available SFVacancy

RateTotal AverageRate ($/SF/Yr)

Total Net Absorption (SF)

Total Under Construction SF

DowntownClass A 1,366,022 87,184 6.3% $19.91 2,769 188,562Class B & C 7,914,748 621,317 7.8% $14.36 25,299 262,800Total 9,280,770 708,501 7.6% $17.13 28,068 451,362NortheastClass A 294,197 15,943 5.4% $13.88 12,198 -Class B & C 3,109,499 215,275 6.9% $13.92 20,748 -Total 3,403,696 231,218 6.7% $13.90 32,946 -NorthwestClass B & C 2,172,055 145,533 6.7% $10.90 43,759 -SoutheastClass A 1,065,736 80,021 7.5% $19.49 - -Class B & C 9,763,085 1,094,254 11.2% $10.89 137,570 -Total 10,828,821 1,174,275 10.8% $15.19 137,570 -SouthwestClass B & C 2,908,862 321,689 11.0% $10.92 -17,515 -

Overall Total 25,685,342 2,581,216 10.4% $13.60 224,768 902,724

The research information was provided by CoStar Group, a commercial real estate information and marketing provider. For ad-ditional information about CoStar’s services, please contact Michael Grammatico. [email protected]

To see our full Quarterly Market Reports, please visit our website naiwwm.com

-200,00 0

0

200,00 0

2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3

Absorp on & Deliv ery

Total Net Absorp on Class A Total Net Absorp on Class B&C RBA Delivered Class A RBA Delivered Class B&C

0.00%

10.00%

20.00%

2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3

Vacancy Rate s

Vacancy Rates Class A Vacancy Rates Class B&C

$1.00

$25.00

2013Q3 2013Q4 2014Q12 014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3

Total Rental RatesRental Rates Class A Rental Rates Class B&C

As an Accredited Management Orga-nization® (AMO®) firm that has the expertise to manage your investment at the highest level of efficiency, NAI Wisinski of West Michigan would be a valuable asset to your investment. NAI Wisinski of West Michigan manages over 4 million square feet of commercial and indus-trial property in the West Michigan area. Our property management services are tailored to meet each owner’s individual goals, and de-signed to maximize the value of your property assets. We devise and implement a plan that increases cash flow and return on your in-vestment, ultimately creating additional value for you. This goal may seem obvious, but it is a challenge for investors everywhere. NAI Wisinski of West Michigan Property Managers begin with the fundamentals of property man-agement, then think well beyond the obvious to deliver innovative and actionable solutions for your assets.

Tom Wiarda, CPM® Thomas Kilgore, CPM® Dan WiardaCPM Candidate

Abby Terpstra Heather Baker

Stan Wisinski

Property Management

Carlynn Lawrence Deb Adkins

Our Values and Principles:Services The following is a summary of the services NAI Wisinski of West Michigan provides under a full service

property management agreement.

Banking A local bank account(s) will be established for the property based in property requirements.

Collection Services We will collect rents from tenants on a monthly basis and deposit all funds in a timely

manner.

Financial Management Provide accurate bookkeeping by utilizing state of the art property management

software.

Accounts Payable We will review all invoices for services ordered in connection with operating and

maintaining the property and pay such invoices as they become due.

Contract Management We will negotiate and enter into contracts required in the ordinary course of

business for the operation and maintenance of the property such as snow plowing, lawn care, pest control

and HVAC maintenance.

Licenses We will maintain all applicable licenses and permits in connection with the operation and

management of the property.

Maintenance Provide prompt response to maintenance needs and 24 hour response to emergency needs.

Reporting Provide tailored computerized reports.

Tenant Relations Our service is enhanced by building long lasting relationships with tenants. Tenants

appreciate our attentive “hands on” approach to management.

Lease Administration We will track critical dates and enforce all lease terms.

Deb Adkins

TaxAppeal SpecialistYour property will be automatically reviewed by Steve Johnson, our

Tax Appeal Specialist, to determine if a case can be built in your favor

to lower your property taxes. If so, we will begin the appeals process.

Steve is a Property Tax Consultant with GSA Property Tax Consultants

and is affiliated with NAI Wisinski of West Michigan. GSA has been

successfully appealing property taxes in Michigan for over 25 years.

They have demostrated superior market knowledge and aggressive

negotiating techniques. Their staff consists Michigan State certified

Assessors, Personal Property Examiners, Auditors, and a legal staff

well-versed in property tax law, municipal tax appeals, and all stages

of Michigan Tax Tribunal and State Tax Commission procedures. As

a result, their efforts have produced exceptional outcomes by saving

millions of dollars in taxes for our clients.

Keeping You Informed During the appeal process, Steve will keep you informed of your case

status while continually gathering information to support your property

value. He has established a good rapport with many assessing offices

throughout Michigan and oversees every step of the appeal process to

ensure timely responses and accurate information.

Specialties Commercial Properties

Industrial Properties

Apartment Complexes

Office Buildings

Retail Properties

Business Personal Property

Property Tax Research

Fair and Equitable Results

Litigation Support

Steve JohnsonTax Appeal Specialist

(616) 575 [email protected]

facebook.com/naiwwm

@naiwwm

nai-wisinski-of-west-michigan

OFFICERetail

Industrial

Land

Investment

Property Management

Multi-Family

Tax Appeal

Office Services Available

• Acquisition & Disposition

• Tenant Representation

• Property Leasing

• Management Services

• Research

• Valuation & Advisory

• Project Marketing

100 Grandville Ave SW Suite 100Grand Rapids, MI 49503616. 776. 0100 www.naiwwm.com

Documents

Office Spotlight 2016