On average, listings lease in the $0's per square foot per year. The Downtown Waterloo submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 6 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 sqft. Most properties in this market are approximately 4 floors. Most buildings in this region were built in 1957 and are Class C.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this area. Most of the residents of Downtown Waterloo work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.