The typical asking rate per listing is in the $20's per square foot per year. The East Portland region is experiencing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Greater Portland market, the East Portland region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 13 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 77% of the available space in the East Portland are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1994 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst East Portland occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.