On average, listings lease in the $20's per square foot per year. The Central Northeast Portland submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the Greater Portland market, the Central Northeast Portland region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 110 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available leases in the Central Northeast Portland 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 30,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this area were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Northeast Portland folk. Commuting around 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 Central Northeast Portland.
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