On average, listings lease in the $10's per square foot per year. The Waterloo region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 12% decrease in rent.
In the last 90 days, 42 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the listings in the Waterloo are subleases, so you will probably have to focus your search on direct office leases. 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 2,540 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this market were built in 1974 and are Class A.