The typical asking rate per listing is in the $10's per square foot per year. The Downtown Troy submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 8% rise in rent.
In the last 90 days, 8 listings have been made available, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 7,730 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1916 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Downtown Troy folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.