On average, listings lease in the $10's per square foot per year. The Northeast Hillsboro submarket is going through a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 47% decrease in rent.
Compared to the rest of the Greater Portland market, the Northeast Hillsboro region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available space in the Northeast Hillsboro are subleases, so you might be able to find a shorter term or below market rent. 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 45,660 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 1 floors. Most buildings in this market were built in 1998 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Northeast Hillsboro residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.