Most listings are in the $30's per square foot per year. The Downtown Vancouver region is experiencing a a rise in rates. In the last 3 months, the median rate increased $30 per sqft per year.
Compared to the rest of the Greater Portland market, the Downtown Vancouver region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 9 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 56% of the available space in the Downtown Vancouver are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, 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 availabilities below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Downtown Vancouver occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.