On average, listings lease in the $30's per square foot per year. The Cedar Hills - Cedar Mill submarket is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Greater Portland market, the Cedar Hills - Cedar Mill region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available space in the Cedar Hills - Cedar Mill 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,240 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 2002 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Cedar Hills - Cedar Mill folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.