The typical asking rate per listing is in the $10's per square foot per year. The Waterford submarket is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Gold Coast market, the Waterford region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 1 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,580 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 11 floors. Most buildings in this area were built in 1999 and are Class A.
Public administration is the dominant industry in this region. Most of the residents of Waterford work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.