On average, listings lease in the $20's per square foot per year. The Central Northeast Portland submarket is going through a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 9% rise 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, 7 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,806 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1985 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 region. Commute by walking is the most popular way to get to work amongst Central Northeast Portland folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.