Waterfront Retail

Waterfront

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
2,030
As of: August 19, 2017

Waterfront Rates

On average, listings lease in the $70's per square foot per year. The Waterfront submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a 58% increase in rent.

Waterfront Listing Supply

In the last 90 days, 9 listings have been made available, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 44% of the available leases 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,030 sqft. Most properties in this market are close to 3 stories. Most buildings in this region were built in 1926 and are Class A.

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 region. Commute by bike is the most popular way to get to work amongst Waterfront folk. 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