On average, listings lease in the $30's per square foot per year. The Old Town Chinatown submarket is going through a an increase in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Greater Portland market, the Old Town Chinatown region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,510 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this area were built in 1904 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the folk of Old Town Chinatown work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.