On average, listings lease in the $30's per square foot per year. The Downtown Vancouver submarket is experiencing a a boost 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 smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 9 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the Downtown Vancouver are subleases, so you might be able to find a shorter term or below market rent. 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 listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market 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.