On average, listings lease in the $0's per square foot per year. The Central Waterfront submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $158 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 4 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the listings in the Central Waterfront are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 9,180 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1962 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Waterfront occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.