Most listings are in the $30's per square foot per year. The Downtown Portland region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Greater Portland market, the Downtown Portland submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 77 listings have come on the market, so you'll want to check back regularly for new listings. About 61% of the listings 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.
Even though the median size is 4,450 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 11 floors. Most buildings in this region were built in 1930 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Downtown Portland work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.