The typical asking rate per listing is in the $20's per square foot per year. The Fircrest submarket is going through a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Greater Portland market, the Fircrest submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 104 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the listings in the Fircrest 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 18,880 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this area were built in 1998 and are Class B.
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 residents of Fircrest work from home. Commuting between 30 and 45 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 Fircrest.
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