The typical asking rate per listing is in the $20's per square foot per year. The Central Northeast Portland submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $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 submarket.
In the last 90 days, 12 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 75% of the available space in the Central Northeast Portland 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 2,710 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 2 stories. 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 residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.