The typical asking rate per listing is in the $20's per square foot per year. The Raleigh West region is going through a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the Greater Portland market, the Raleigh West submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 89 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Raleigh West 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 1,580 sqft. Most properties in this market are close to 1 stories. Most buildings in this market were built in 1974 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Raleigh West residents. Commuting close to 10 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 Raleigh West.
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