Most listings are in the $10's per square foot per year. The Downtown Troy region is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 21% decrease in rent.
In the last 90 days, 16 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the office spaces in the Downtown Troy are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 620 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area 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 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.