Waterfront Retail

Waterfront

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
6,060
As of: January 19, 2017

Waterfront Rates

On average, listings lease in the $40's per square foot per year. The Waterfront region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decrease in rent.

Waterfront Listing Supply

In the last 90 days, 8 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the available space in the Waterfront are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,700 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market were built in 1974 and are Class B.

Waterfront Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Waterfront residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Waterfront.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Waterfront.
Research