Pearl Office Space For Lease

Pearl

Market Report

Number of Listings For Lease
Posted in the last 90 days
13
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
4,500

Pearl Commercial Real Estate

Find Pearl commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Pearl commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Pearl Rates

On average, commerial real estate listings lease in the $30's per square foot per year. The Pearl submarket is going through a decline in rates. In the last 3 months, the median rate for lease fell $4 per sqft per year.

Compared to the rest of the Greater Portland commercial real estate market, the Pearl region has higher rates for rent, and you may need to pay a premium to be in this hot region.

Pearl Listing Supply

In the last 90 days, 129 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Pearl 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 size for office space in this area is around 4,500 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this area were built close to 1939 and are Class B.

Pearl Community

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. Commute by motorcycle is the most popular way to get to work amongst Pearl folk. Commuting under 5 minutes 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 Pearl.
Research