Portland Sublease

Portland

Office Space Market Report

Number of Listings (last 90 days)
44
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,630
As of: February 26, 2017

Portland Rates

The typical asking rate per listing is in the $20's per square foot per year. The Portland submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.

Portland Listing Supply

In the last 90 days, 40 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Portland 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market were built in 1900 and are Class B.

Portland Community

Market Report

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

Market Data

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