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On average, commerial real estate listings lease in the $20's per square foot per year. The East Portland submarket is experiencing a decline in rates. In the last 3 months, the median rate for lease fell $8 per sqft per year.
Compared to the rest of the Greater Portland commercial real estate market, the East Portland region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 176 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 890 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built approximately 1996 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst East Portland residents. Commuting around 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 East Portland.
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