Most listings are in the $20's per square foot per year. The Central Northeast Portland region is seeing a an increase in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Greater Portland market, the Central Northeast Portland region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 110 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the available leases in the Central Northeast Portland 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.
Even though the median size is 30,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this market were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Central Northeast Portland folk. Commuting close to an hour and a half 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 Central Northeast Portland.
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