The typical asking rate per listing is in the $10's per square foot per year. The Downtown Waterloo submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 67% decline in rent.
In the last 90 days, 5 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,700 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this region were built in 1957 and are Class C.
A large portion of this area is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Most of the occupants of Downtown Waterloo work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.