The typical asking rate per listing is in the $20's per square foot per year. The West Portland Park region is going through a decrease in rates. In the last 3 months, the median rate decreased $14 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Greater Portland market, the West Portland Park region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 25 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the West Portland Park 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 4 stories.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst West Portland Park occupants. 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 West Portland Park.
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