On average, listings lease in the $30's per square foot per year. The Downtown Vancouver submarket is going through a a rise in rates. In the last 3 months, the median rate went up $30 per sqft per year.
Compared to the rest of the Greater Portland market, the Downtown Vancouver region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 9 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available leases in the Downtown Vancouver 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.
Even though the median size is 2,750 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 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 close to an hour a day is the norm for those who opt to reside in this part of town.