On average, listings lease in the $20's per square foot per year. The Metzger region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Greater Portland market, the Metzger submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 454 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the listings in the Metzger 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 1,790 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1990 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the occupants of Metzger work from home. Commuting close to 30 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 Metzger.
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