The typical asking rate per listing is in the $10's per square foot per year. The Troy region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 21% decline in rent.
In the last 90 days, 19 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 32% of the office spaces in the Troy are subleases, so you might be able to find a shorter term or below market rent. 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 620 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1916 and are Class B.