The typical asking rate per listing is in the $20's per square foot per year. The Northeast Hillsboro region is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Greater Portland market, the Northeast Hillsboro submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 10 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 10% of the listings in the Northeast Hillsboro are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 7,560 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area 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 area. Commute by motorcycle is the most popular way to get to work amongst Northeast Hillsboro occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.