Pearl Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Pearl Rates

On average, listings lease in the $30's per square foot per year. The Pearl submarket is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 5% increase in rent.

Compared to the rest of the Greater Portland market, the Pearl region has greater rates, and you'll need to make a great offer to be in this hot submarket.

Pearl Listing Supply

In the last 90 days, 10 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 20% of the available leases in the Pearl are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,100 sqft. Most properties in this market are close to 8 stories. Most buildings in this region were built in 1978 and are Class B.

Pearl Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Pearl residents. Commuting under 5 minutes 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 Pearl.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pearl.