Kerns Industrial

Kerns

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,800
As of: June 27, 2017

Kerns Rates

On average, listings lease in the $30's per square foot per year. The Kerns region is experiencing a an increase in rates. In the last 3 months, the median rate went up $32 per sqft per year.

Compared to the rest of the Greater Portland market, the Kerns region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Kerns Listing Supply

In the last 90 days, 7 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 57% of the listings in the Kerns 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 posted, so finding a space for a small business might be tough.

Even though the median size is 3,800 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this area were built in 1952 and are Class B.

Kerns Community

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 Kerns residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Kerns.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Kerns.
Research