Most listings are in the $10's per square foot per year. The Northwest Industrial submarket is going through a decline 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 smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 39 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available leases in the Northwest Industrial 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.
Even though the median size is 44,250 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this market were built in 1963 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Northwest Industrial residents. 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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