The typical asking rate per listing is in the $10's per square foot per year. The Downtown Troy submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $18 per sqft per year.
In the last 90 days, 16 listings have been listed, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 38% of the listings in the Downtown Troy are subleases, so you might be able to find a shorter term or below market rent. 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 2,450 sqft. Most properties in this market are around 3 floors. Most buildings in this market were built in 1897 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 region. Commute by public transit is the most popular way to get to work amongst Downtown Troy occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.