Sommerset West - Elmonica South Industrial Space For Lease

Sommerset West - Elmonica South

Market Report

Number of Listings For Lease
Posted in the last 90 days
22
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
1,090

Sommerset West - Elmonica South Commercial Real Estate

Find Sommerset West - Elmonica South commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Sommerset West - Elmonica South commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Sommerset West - Elmonica South Rates

The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. That's a 2% increase in rent.

Compared to the rest of the Greater Portland commercial real estate market, the Sommerset West - Elmonica South submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.

Sommerset West - Elmonica South Listing Supply

In the last 90 days, 107 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Sommerset West - Elmonica South are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard size for office space in this area is around 10,780 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built approximately 1999 and are Class A.

Sommerset West - Elmonica South Community

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 area. Commute by taxi is the most popular way to get to work amongst Sommerset West - Elmonica South folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Sommerset West - Elmonica South.
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