On average, listings lease in the $20's per square foot per year. The East Portland submarket is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Greater Portland market, the East Portland submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 12 listings have been posted online, which means new listings most likley are going fast. 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 1,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market 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 market. Commute by taxi is the most popular way to get to work amongst East Portland folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.