On average, listings lease in the $10's per square foot per year. The Downtown Waterloo region 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, 6 listings have been listed, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this market 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 approximately 20 minutes a day is the norm for those who opt to reside in this part of town.