On average, listings lease in the $10's per square foot per year. The Troy submarket is experiencing a decrease 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, 19 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 16% of the available leases in the Troy are subleases, so you might be able to sign a shorter term by taking over a previous 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 620 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1916 and are Class B.