On average, listings lease in the $10's per square foot per year. The Grand Traverse County submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 17% decrease in rent.
In the last 90 days, 13 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces in the Grand Traverse County are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 area are around 1 stories. Most buildings in this area were built in 1972 and are Class Class A.