Pearl Retail

Pearl

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,450
As of: March 12, 2017

Pearl Rates

The typical asking rate per listing is in the $30's per square foot per year. The Pearl submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 11% increase in rent.

Compared to the rest of the Greater Portland market, the Pearl submarket has higher rates, and you'll need to make a great offer to be in this hot region.

Pearl Listing Supply

In the last 90 days, 3 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,450 sqft. Most buildings in this area are around 8 floors. Most buildings in this market 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