On average, listings lease in the $40's per square foot per year. The Lloyd District region is experiencing a a rise in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 39% increase in rent.
Compared to the rest of the Greater Portland market, the Lloyd District region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been made available, which means new availabilities are probably 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 1,180 sqft. Most buildings in this area are around 6 floors. Most buildings in this region were built in 1971 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Lloyd District residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.