Most listings are in the $30'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 $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Greater Portland market, the Downtown Portland region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 81 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Downtown Portland are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,510 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 11 stories. Most buildings in this market were built in 1948 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants 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.