Most listings are in the $10's per square foot per year. The Waterloo region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 1% decline in rent.
In the last 90 days, 42 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the available space in the Waterloo are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,540 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1974 and are Class A.