The typical asking rate per listing is in the $20's per square foot per year. The Downtown Vancouver region is going through 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 smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 29 listings have been made available, which means leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,840 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this area were built in 1980 and are Class B.
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 area. Commute by bike is the most popular way to get to work amongst Downtown Vancouver folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.