Most listings are in the $30's per square foot per year. The Pearl submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the Greater Portland market, the Pearl region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 267% of the office spaces in the Pearl are subleases, so you might be able to snag a great spot on a short term. 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 3,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 8 floors. Most buildings in this region were built in 1947 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Pearl occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.