On average, listings lease in the $20's per square foot per year. The Downtown Portland submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% rise in rent.
In the last 90 days, 26 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the Downtown Portland are subleases, so you will probably have to consider a longer term lease. 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 4,650 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this region were built in 1900 and are Class B.
This region is fairly equally mixed residential and commercial. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Portland folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.