Most listings are in the $20's per square foot per year. The Kerns region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Greater Portland market, the Kerns submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 91 listings have been posted online, so you'll want to check back regularly for new listings. About 2% of the listings in the Kerns 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,140 sqft. Most buildings in this market are close to 3 floors. Most buildings in this area were built in 1952 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Kerns occupants. Commuting close to 15 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 Kerns.
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