The typical asking rate per listing is in the $10's per square foot per year. The Downtown Waterloo region is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 25% decrease in rent.
In the last 90 days, 32 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Downtown Waterloo are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,600 sqft. Most buildings in this region are close to 1 stories. Most buildings in this region were built in 1957 and are Class C.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Most of the residents of Downtown Waterloo work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Waterloo.
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