Sommerset West - Elmonica South Commercial Real Estate

Sommerset West - Elmonica South

Market Report

Number of Listings
Posted in the last 90 days
22
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
9,710

Sommerset West - Elmonica South Rates

The typical asking rate per listing is in the $30's per square foot per year. The Sommerset West - Elmonica South submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 7% rise in rent.

Compared to the rest of the Greater Portland market, the Sommerset West - Elmonica South region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Sommerset West - Elmonica South Listing Supply

In the last 90 days, 107 listings have been listed, so you'll want to check back regularly for new listings. About 19% of the available leases in the Sommerset West - Elmonica South are subleases, so you might be able to sign a shorter term by taking over a previous 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.

Even though the median size is 9,710 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this region were built in 1999 and are Class A.

Sommerset West - Elmonica South Community

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 market. Commute by taxi is the most popular way to get to work amongst Sommerset West - Elmonica South residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Sommerset West - Elmonica South.
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