The typical asking rate per listing is in the $20's per square foot per year. The Troy region is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Metro Detroit market, the Troy region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 71 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available leases in the Troy are subleases, so you will probably have to consider a longer term lease. 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 3,130 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this market were built in 1983 and are Class B.