On average, listings lease in the $20's per square foot per year. The Kerns region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 33% decrease in rent.
Compared to the rest of the Greater Portland market, the Kerns region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been posted online, which means leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 1961 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 around 15 minutes a day is the norm for those who opt to reside in this part of town.