In the last 90 days, 6 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the Downtown Waterloo are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, 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 properties in this area are close to 1 stories. Most buildings in this market were built in 1957 and are Class C.
A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Most of the folk of Downtown Waterloo work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.