On average, listings lease in the $10's per square foot per year. The Grand Traverse County submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decline in rent.
In the last 90 days, 13 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Grand Traverse County are subleases, so you will probably have to consider a longer term lease. 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 2,290 sqft. Most properties in this area are close to 1 floors. Most buildings in this area were built in 1972 and are Class Class A.