Pearl Retail

Pearl

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
2,750
As of: December 5, 2016

Pearl Rates

The typical asking rate per listing is in the $30's per square foot per year. The Pearl submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decline in rent.

Compared to the rest of the Greater Portland market, the Pearl region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Pearl Listing Supply

In the last 90 days, 16 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 13% of the available leases 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,750 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 8 floors. Most buildings in this region were built in 1978 and are Class B.

Pearl Community

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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Pearl.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Pearl.
Research