The typical asking rate per listing is in the $10's per square foot per year. The Waterloo region is going through a a rise in rates. In the last 3 months, the median rate went up $16 per sqft per year.
In the last 90 days, 0 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the office spaces in the 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 40,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 stories.