On average, listings lease in the $20's per square foot per year. The Traverse City region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
In the last 90 days, 4 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1982 and are Class Class A.