Most listings are in the $40's per square foot per year. The Downtown Portland region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Greater Portland market, the Downtown Portland submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 861 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the available leases in the Downtown Portland are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,890 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 11 floors. Most buildings in this area were built in 1930 and are Class A.
This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. 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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