Pearl Sublease

Pearl

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
9,280
As of: August 16, 2017

Pearl Rates

Most listings are in the $40's per square foot per year. The Pearl submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 16% increase in rent.

Compared to the rest of the Greater Portland market, the Pearl region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Pearl Listing Supply

In the last 90 days, 3 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 333% of the available space in the Pearl are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 9,280 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this region were built in 1947 and are Class B.

Pearl Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Pearl residents. Commuting under 5 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 Pearl.
Market Report

Market Data

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