On average, listings lease in the $20's per square foot per year. The Kerns submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Greater Portland market, the Kerns submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 91 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases in the Kerns are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,140 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area were built in 1952 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Kerns occupants. Commuting around 15 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 Kerns.
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