Most listings are in the $30's per square foot per year. The Pearl region is going through a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Greater Portland market, the Pearl region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means new listings are probably 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 1,450 sqft. Most buildings in this region are around 8 stories. Most buildings in this area were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Pearl residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.