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The typical asking rate per commerial real estate listing leases is in the $30's per square foot per year. The Lloyd District submarket is experiencing a decline in rates. In the last 3 months, the median rate for lease decreased $7 per sqft per year.
Compared to the rest of the Greater Portland commercial real estate market, the Lloyd District region has greater rates for rent, and you may need to pay a premium to be in this hot submarket.
In the last 90 days, 69 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 560 sqft. Most properties in this market are around 3 floors. Most buildings in this region were built approximately 1960 and are Class A.
A large portion of this market is residential, but there's plenty of office space. Health care is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Lloyd District folk. 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 Lloyd District.
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