On average, listings lease in the $30's per square foot per year. The East Portland region is experiencing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 23% rise in rent.
Compared to the rest of the Greater Portland market, the East Portland submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 176 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the East Portland are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,600 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1997 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 taxi is the most popular way to get to work amongst East Portland residents. Commuting around 20 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 East Portland.
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