The typical asking rate per listing is in the $40's per square foot per year. The Lloyd District region is seeing a a boost in rates. In the last 3 months, the median rate went up $42 per sqft per year.
Compared to the rest of the Greater Portland market, the Lloyd District submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the available space in the Lloyd District are subleases, so you might be able to find a shorter term or below market rent. 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 3,770 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 6 floors. Most buildings in this market were built in 1971 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this market. 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.