Most listings are in the $30's per square foot per year. The Downtown Portland region is experiencing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Greater Portland market, the Downtown Portland submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 45 listings have been made available, so you'll want to check back regularly for new listings. About 13% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,420 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 11 stories. Most buildings in this area were built in 1948 and are Class A.
This area is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this region. Most of the occupants 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.