On average, listings lease in the $20's per square foot per year. The Hazelwood submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Greater Portland market, the Hazelwood region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 2 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. 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 1,450 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Hazelwood folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.