Pearl Sublease

Pearl

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
3,000
As of: June 25, 2017

Pearl Rates

The typical asking rate per listing is in the $30's per square foot per year. The Pearl submarket is going through a an increase in rates. In the last 3 months, the median rate increased $33 per sqft per year.

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

Pearl Listing Supply

In the last 90 days, 3 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 267% of the listings in the Pearl are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 8 stories. Most buildings in this area 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 area. Commute by motorcycle is the most popular way to get to work amongst Pearl occupants. 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