The typical asking rate per listing is in the $10's per square foot per year. The Waterford submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 25% decrease in rent.
Compared to the rest of the Gold Coast market, the Waterford region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,580 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 11 stories. Most buildings in this market were built in 1999 and are Class A.
Public administration is the dominant industry in this area. Most of the residents of Waterford work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.