On average, listings lease in the $30's per square foot per year. The Downtown Portland submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Greater Portland market, the Downtown Portland submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 77 listings have been made available, so you'll want to check back regularly for new listings. About 3% of the listings in the Downtown Portland 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,510 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 11 stories. Most buildings in this area were built in 1948 and are Class A.
This region is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of Downtown Portland work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.