Most listings are in the $20's per square foot per year. The Traverse City submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
In the last 90 days, 4 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 180 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1982 and are Class Class A.