The typical asking rate per listing is in the $20's per square foot per year. The Waterford submarket is going through a a rise in rates. In the last 3 months, the median rate rose $26 per sqft per year.
Compared to the rest of the Gold Coast market, the Waterford submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 13 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 23% of the available leases in the Waterford 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,480 sqft. Most buildings in this area are approximately 10 floors. Most buildings in this market were built in 1999 and are Class A.
Public administration is the dominant industry in this region. Most of the residents of Waterford work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.