Most listings are in the $20's per square foot per year. The Troy region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Metro Detroit market, the Troy submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 86 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available leases in the Troy 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,240 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 1 stories. Most buildings in this market were built in 1982 and are Class B.