Most listings are in the $30's per square foot per year. The Willamette region is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Greater Portland market, the Willamette region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 56 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the listings in the Willamette are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,470 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area were built in 2006 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Willamette residents. Commuting close to an hour and a half 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 Willamette.
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