The typical asking rate per listing is in the $10's per square foot per year. The Waterloo submarket is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 12% decline in rent.
In the last 90 days, 42 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Waterloo are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,540 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1974 and are Class A.