In the last 90 days, 4 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 14,400 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area were built in 1957.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this market. Most of the folk 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.