On average, listings lease in the $10's per square foot per year. The Traverse City submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decrease in rent.
In the last 90 days, 111 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available leases in the Traverse City are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,290 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1982 and are Class Class A.
Real time and historical data on commercial real estate listings in Traverse City.
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