Most listings are in the $10's per square foot per year. The Northwest Industrial region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 52% decline in rent.
Compared to the rest of the Greater Portland market, the Northwest Industrial submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 39 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 10% of the available space in the Northwest Industrial 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 44,250 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 1 stories. Most buildings in this area were built in 1963 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Northwest Industrial occupants. Commuting between 20 and 25 minutes 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 Northwest Industrial.
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