On average, listings lease in the $10's per square foot per year. The Sullivan's Gulch region is experiencing a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year.
Compared to the rest of the Greater Portland market, the Sullivan's Gulch region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 0 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Sullivan's Gulch 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 330 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1958.
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 area. Most of the residents of Sullivan's Gulch work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.