Most listings are in the $30's per square foot per year. The Downtown Vancouver region is going through a an increase in rates. In the last 3 months, the median rate increased $14 per sqft per year. That's a 55% rise in rent.
Compared to the rest of the Greater Portland market, the Downtown Vancouver region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have been posted online, which means spaces are probably 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 5,480 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1984 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 area. Commute by bike is the most popular way to get to work amongst Downtown Vancouver occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.