The typical asking rate per listing is in the $10's per square foot per year. The Downtown Troy submarket is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decline in rent.
In the last 90 days, 3 listings have been made available, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,250 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1916 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 region. Commute by public transit is the most popular way to get to work amongst Downtown Troy residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.