The typical asking rate per listing is in the $20's per square foot per year. The Waterford submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 30% rise in rent.
Compared to the rest of the Gold Coast market, the Waterford region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 13 listings have come on the market, which means spaces might be 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 1,930 sqft. Most buildings in this region are approximately 10 stories. Most buildings in this area were built in 1999 and are Class A.
Public administration is the dominant industry in this area. 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.