Most listings are in the $20's per square foot per year. The Downtown Portland submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 1% rise in rent.
In the last 90 days, 26 listings have been posted online, which means leases are probably leasing quickly. 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 2,750 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this market were built in 1900 and are Class B.
This market is fairly equally mixed residential and commercial. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Portland occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.