On average, listings lease in the $30's per square foot per year. The Downtown Portland region is seeing a an increase in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 1% rise in rent.
Compared to the rest of the Greater Portland market, the Downtown Portland submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 861 listings have been made available, so you'll want to check back regularly for new listings. About 11% of the listings in the Downtown Portland are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,210 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 11 floors. Most buildings in this region were built in 1930 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the folk of Downtown Portland work from home. Commuting close to 20 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 Downtown Portland.
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