The typical asking rate per listing is in the $40's per square foot per year. The Waterfront submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $45 per sqft per year.
In the last 90 days, 9 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 89% of the listings in the Waterfront 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,090 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1926 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Waterfront occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.