Downtown Portland Sublease

Downtown Portland

Office Space Market Report

Number of Listings (last 90 days)
82
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
3,510
As of: February 26, 2017

Downtown Portland Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Portland region is going through a a rise in rates. In the last 3 months, the median rate rose $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 have to negotiate above asking rent to be in this hot submarket.

Downtown Portland Listing Supply

In the last 90 days, 81 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Downtown Portland are subleases, so you will probably have to focus your search on direct office leases. 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 3,510 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 11 floors. Most buildings in this region were built in 1948 and are Class A.

Downtown Portland Community

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 around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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