The typical asking rate per listing is in the $10's per square foot per year. The Sylvan-Highlands region is going through a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 44% decline in rent.
Compared to the rest of the Greater Portland market, the Sylvan-Highlands submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 150 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the listings in the Sylvan-Highlands are subleases, so you will probably have to consider a longer term lease. 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 760 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1971 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the folk of Sylvan-Highlands work from home. Commuting approximately 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 Sylvan-Highlands.
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