On average, listings lease in the $20's per square foot per year. The Cully submarket is going through a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Greater Portland market, the Cully submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Cully occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.