The typical asking rate per listing is in the $10's per square foot per year. The Northwest Industrial region is experiencing a decline in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 52% decrease in rent.
Compared to the rest of the Greater Portland market, the Northwest Industrial region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 39 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 10% of the listings in the Northwest Industrial are subleases, so you might be able to find a shorter term or below market rent. 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 44,250 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 1 floors. Most buildings in this region were built in 1963 and are Class A.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Northwest Industrial residents. Commuting between 20 and 25 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 Northwest Industrial.
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