Compared to the rest of the Greater Portland market, the Sommerset West - Elmonica North submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 65 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the available space in the Sommerset West - Elmonica North are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,740 sqft. Most properties in this region are close to 1 floors. Most buildings in this area were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the folk of Sommerset West - Elmonica North work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Sommerset West - Elmonica North.
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