The typical asking rate per listing is in the $20's per square foot per year. The Central Northeast Portland region is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Greater Portland market, the Central Northeast Portland submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 12 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 75% of the available leases in the Central Northeast Portland 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,710 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1948 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Northeast Portland folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.