The typical asking rate per listing is in the $20's per square foot per year. The Downtown Vancouver region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Greater Portland market, the Downtown Vancouver region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 134 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the available leases in the Downtown Vancouver are subleases, so you will probably have to consider a longer term lease. 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 2,330 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Vancouver residents. Commuting around an hour 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 Downtown Vancouver.
Get email notifications when new listings are posted that match your requirements.