On average, listings lease in the $10's per square foot per year. The Downtown Troy submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 17% increase in rent.
In the last 90 days, 16 listings have been listed, which means office spaces might be 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,450 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1897 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Troy folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.