Most listings are in the $30's per square foot per year. The Pearl region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Greater Portland market, the Pearl submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 16 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the office spaces in the Pearl 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,750 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 8 floors. Most buildings in this market were built in 1978 and are Class B.
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 area. Commute by motorcycle is the most popular way to get to work amongst Pearl folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.