Compared to the rest of the Greater Portland market, the Richmond submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 10 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 10% of the available space in the Richmond are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 2014.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Richmond folk. Commuting approximately 20 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 Richmond.
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