Most listings are in the $30's per square foot per year. The Downtown Portland region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease 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 region.
In the last 90 days, 86 listings have been made available, so you'll want to check back regularly for new listings. About 10% of the office spaces in the Downtown Portland are subleases, so you might be able to snag a great spot on a short term. 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 3,500 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 11 floors. Most buildings in this region 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 region. Most of the residents of Downtown Portland work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.