The typical asking rate per listing is in the $30's per square foot per year. The Downtown Portland submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Greater Portland market, the Downtown Portland region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 87 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available space 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,200 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 11 floors. Most buildings in this market were built in 1948 and are Class A.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of Downtown Portland work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.