On average, listings lease in the $10's per square foot per year. The Sullivan's Gulch region is seeing a a boost in rates. In the last 3 months, the median rate rose $16 per sqft per year.
Compared to the rest of the Greater Portland market, the Sullivan's Gulch submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 330 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1958.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Most of the folk of Sullivan's Gulch 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.
Real time and historical data on commercial real estate listings in Sullivan's Gulch.
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