The typical asking rate per listing is in the $20's per square foot per year. The Troy submarket is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Metro Detroit market, the Troy region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 196 listings have come on the market, so you'll want to check back regularly for new listings. About 41% of the listings in the 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,180 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 1 stories. Most buildings in this market were built in 1982 and are Class B.