Most listings are in the $30's per square foot per year. The Old Town Chinatown submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Greater Portland market, the Old Town Chinatown region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 24 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,670 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built in 1912 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the residents of Old Town Chinatown work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.