On average, listings lease in the $70's per square foot per year. The Waterfront submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a 58% increase in rent.
In the last 90 days, 9 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 44% of the available leases 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,030 sqft. Most properties in this market are close to 3 stories. 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 region. 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.