Most listings are in the $20's per square foot per year. The Esther Short submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Greater Portland market, the Esther Short submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 11 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,690 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Esther Short folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.