On average, listings lease in the $10's per square foot per year. The Waterloo submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year.
In the last 90 days, 42 listings have been posted online, so you'll want to check back regularly for new listings. About 71% of the available space in the Waterloo are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,700 sqft. Most properties in this market are approximately 1 stories. Most buildings in this region were built in 1975 and are Class A.