On average, listings lease in the $20's per square foot per year. The Tigard Neighborhood Area 5 region is going through a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the Greater Portland market, the Tigard Neighborhood Area 5 submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 177 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the listings in the Tigard Neighborhood Area 5 are subleases, so you will probably have to consider a longer term lease. 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 buildings in this region are approximately 2 stories. Most buildings in this area were built in 1988 and are Class B.
This area is fairly equally mixed residential and commercial. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Tigard Neighborhood Area 5 residents. Commuting close to 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 Tigard Neighborhood Area 5.
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