The typical asking rate per listing is in the $40's per square foot per year. The Waterfront submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 4 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Waterfront 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,420 sqft. Most buildings in this area were built in 1974 and are Class B.
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 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.