On average, listings lease in the $10's per square foot per year. The Downtown Waterloo region is going through a decline in rates. In the last 3 months, the median rate decreased $32 per sqft per year. That's a 67% decrease in rent.
In the last 90 days, 6 listings have been posted online, 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area 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 area. 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.