The typical asking rate per listing is in the $30's per square foot per year. The Buckman region is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Greater Portland market, the Buckman region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 30 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the listings in the Buckman are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 840 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1929 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Buckman occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.