Most listings are in the $20's per square foot per year. The Traverse City region is seeing a a boost 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 been posted online, 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.
The standard measurement for office space in this area is around 180 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1982 and are Class Class A.