Old Town Chinatown Sublease

Old Town Chinatown

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
13,170
As of: December 7, 2016

Old Town Chinatown Rates

Most listings are in the $30's per square foot per year. The Old Town Chinatown region is going through a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 5% increase in rent.

Compared to the rest of the Greater Portland market, the Old Town Chinatown region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Old Town Chinatown Listing Supply

In the last 90 days, 5 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 13,170 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 4 floors. Most buildings in this area were built in 1904 and are Class B.

Old Town Chinatown Community

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 area. Most of the folk of Old Town Chinatown work from home. Commuting around an hour 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 Old Town Chinatown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old Town Chinatown.
Research