Northwest District Commercial Real Estate

1621 NW 21st Ave - 4 Spaces Portland, OR rental rate: Negotiable
Jun 22
16,100 - 36,400
sqft
Office Mixed Use
2233 NW 23rd Ave - Space Northwest District, Portland, OR two roll up doors
Jun 17
8,000
sqft
Industrial Mixed Use
305 NW 21st Ave - Space Portland, OR exposed ceiling
Jun 17
3,330
sqft
Retail Restaurant
1211 NW 23rd Ave - 2 Spaces Portland, OR  
Jun 17
1,100 - 1,290
sqft
Retail
2099 NW Raleigh St - 2 Spaces Northwest District, Portland, OR  
Jun 17
1,370 - 3,160
sqft
Retail Restaurant
1621 NW 21st Ave - 3 Spaces Portland, OR rental rate negotiable
Apr 08
16,100 - 36,400
sqft
Office

Northwest District

Market Report

Number of Listings
Posted in the last 90 days
20
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
1,030

Northwest District Rates

Most listings are in the $30's per square foot per year. The Northwest District region is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 17% increase in rent.

Compared to the rest of the Greater Portland market, the Northwest District submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Northwest District Listing Supply

In the last 90 days, 138 listings have come on the market, so you'll want to check back regularly for new listings. About 18% of the available leases in the Northwest District 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,300 sqft. Most properties in this market are close to 3 stories. Most buildings in this area were built in 1956 and are Class A.

Northwest District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the occupants of Northwest District work from home. Commuting approximately 10 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 Northwest District.
Research