Compared to the rest of the Greater Portland market, the Downtown Portland region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 78 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the available leases in the Downtown Portland are subleases, so you will probably have to focus your search on direct office leases. 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 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are around 11 floors. Most buildings in this market were built in 1948 and are Class A.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the occupants of Downtown Portland work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.