On average, listings lease in the $20's per square foot per year. The Troy submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase 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 undervalued submarket.
In the last 90 days, 196 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 1983 and are Class B.