Most listings are in the $20's per square foot per year. The Waterfront region is experiencing a decline in rates. In the last 3 months, the median rate decreased $14 per sqft per year. That's a 34% decline in rent.
In the last 90 days, 9 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Waterfront are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,260 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1926 and are Class A.
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 area. Commute by bike is the most popular way to get to work amongst Waterfront residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.