On average, listings lease in the $20's per square foot per year. The Grand Traverse County submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 23% increase in rent.
In the last 90 days, 12 listings have come on the market, which means listings are probably 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.
The standard measurement for office space in this area is around 1,730 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 1972 and are Class Class A.