On average, listings lease in the $20's per square foot per year. The Southgate submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Greater Portland market, the Southgate submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 7 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,080 sqft. Most buildings in this area are around 3 stories. Most buildings in this area were built in 2004 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 area. Commute by bike is the most popular way to get to work amongst Southgate folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.