The typical asking rate per listing is in the $40's per square foot per year. The Waterfront submarket is going through a an increase in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a 63% rise in rent.
In the last 90 days, 9 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 89% of the available leases 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.
The standard measurement for office space in this area is around 2,090 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market 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 region. Commute by bike is the most popular way to get to work amongst Waterfront occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.