On average, listings lease in the $20's per square foot per year. The Waterford region is experiencing a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 30% increase in rent.
Compared to the rest of the Gold Coast market, the Waterford submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 13 listings have been posted online, which means office spaces 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 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 market are approximately 10 floors. Most buildings in this market were built in 1999 and are Class A.
Public administration is the dominant industry in this market. Most of the occupants 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.