The typical asking rate per listing is in the $30's per square foot per year. The Buckman submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year.
Compared to the rest of the Greater Portland market, the Buckman region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 32 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 131% of the available leases in the Buckman are subleases, so you might be able to snag a great spot on a short term. 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 840 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1929 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Buckman residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.