The typical asking rate per listing is in the $20's per square foot per year. The Downtown Portland region is going through a a rise in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 10% rise in rent.
In the last 90 days, 556 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available leases in the Downtown Portland 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 950 sqft. Most properties in this region are close to 4 floors. Most buildings in this market were built in 1900 and are Class B.
This market is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Portland occupants. 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 Downtown Portland.
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