Most listings are in the $10's per square foot per year. The Traverse City submarket is seeing a decrease 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, 4 listings have been made available, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Traverse City 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 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 2,290 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1982 and are Class Class A.