The typical asking rate per listing is in the $20's per square foot per year. The Downtown Portland region 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, 22 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces in the Downtown Portland are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,450 sqft. Most properties in this market are close to 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 region. Commute by car is the most popular way to get to work amongst Downtown Portland occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.