On average, listings lease in the $20's per square foot per year. The Kerns region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Greater Portland market, the Kerns region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 91 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the listings in the Kerns 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 460 sqft. Most properties in this area are around 3 floors. Most buildings in this market were built in 1952 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Kerns folk. Commuting around 15 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 Kerns.
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