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Most commerial real estate listings for lease are in the $30's per square foot per year. The Downtown Portland submarket is experiencing 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 Downtown Portland submarket has more expensive rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 861 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 0% of the available commercial real estate leases in the Downtown Portland are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 4,610 sqft. Most properties in this market are close to 11 stories. Most buildings in this region were built approximately 1928 and are Class A.
This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. 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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