Most listings are in the $20's per square foot per year. The Central Northeast Portland region is going through a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Greater Portland market, the Central Northeast Portland region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 110 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the listings in the Central Northeast Portland 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,710 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this market were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Northeast Portland folk. Commuting approximately an hour and a half 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 Central Northeast Portland.
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