The typical asking rate per listing is in the $20's per square foot per year. The Waters submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% increase in rent.
In the last 90 days, 10 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 30% of the listings in the Waters 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 1,330 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1983 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants of Waters work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.