Most listings are in the $20's per square foot per year. The Downtown Vancouver region is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Greater Portland market, the Downtown Vancouver region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 16 listings have been posted online, which means spaces might be going fast. 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 2,390 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Downtown Vancouver residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.