Most listings are in the $30's per square foot per year. The Old Town Chinatown region is going through a a rise 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 submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 24 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,670 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 1912 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 market. Most of the occupants 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.