The typical asking rate per listing is in the $20's per square foot per year. The Kerns submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Greater Portland market, the Kerns submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 8 listings have been posted online, which means listings might be leasing quickly. 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.
Even though the median size is 4,660 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1963 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 market. Commute by public transit is the most popular way to get to work amongst Kerns folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.