Old Town Chinatown Office Space

Old Town Chinatown

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
4,480
As of: May 19, 2017

Old Town Chinatown Rates

On average, listings lease in the $30's per square foot per year. The Old Town Chinatown region is seeing a a boost in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 1% rise in rent.

Compared to the rest of the Greater Portland market, the Old Town Chinatown submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Old Town Chinatown Listing Supply

In the last 90 days, 24 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available space in the Old Town Chinatown are subleases, so you will probably have to focus your search on direct office leases. 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 4,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 1904 and are Class B.

Old Town Chinatown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the folk of Old Town Chinatown work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Old Town Chinatown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old Town Chinatown.
Research