The typical asking rate per listing is in the $30's per square foot per year. The Downtown Vancouver region is seeing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the Greater Portland market, the Downtown Vancouver submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 5,480 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this market were built in 1980 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 area. 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.