Most listings are in the $0's per square foot per year. The Downtown Portland submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $35 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 77 listings have come on the market, so you'll want to check back regularly for new listings. 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 sqft. Most buildings in this region are around 11 stories. Most buildings in this region were built in 1948 and are Class A.
This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. 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.