Old Town Chinatown Industrial Space

Old Town Chinatown

Market Report

Number of Listings
Posted in the last 90 days
7
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,500

Old Town Chinatown Rates

The typical asking rate per listing is in the $30's per square foot per year. The Old Town Chinatown region is experiencing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 23% increase in rent.

Compared to the rest of the Greater Portland market, the Old Town Chinatown submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Old Town Chinatown Listing Supply

In the last 90 days, 147 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Old Town Chinatown are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this area were built in 1909 and are Class B.

Old Town Chinatown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the residents of Old Town Chinatown work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Old Town Chinatown.
Research