On average, listings lease in the $0's per square foot per year. The Downtown Troy submarket is going through a decline in rates. In the last 3 months, the median rate fell $24 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 83 listings have been posted online, so you'll want to check back regularly for new listings. 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 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1985 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Downtown Troy work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.