On average, listings lease in the $20's per square foot per year. The Downtown Waterloo submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $21 per sqft per year.
In the last 90 days, 6 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 83% of the office spaces in the Downtown Waterloo are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,800 sqft. Most buildings in this area are approximately 1 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 area. Most of the residents of Downtown Waterloo work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.