On average, listings lease in the $10's per square foot per year. The Waters submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 17% decrease in rent.
In the last 90 days, 10 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 660 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of Waters work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.