The typical asking rate per listing is in the $20's per square foot per year. The Mill Park region is experiencing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 34% rise in rent.
Compared to the rest of the Greater Portland market, the Mill Park submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Mill Park 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,870 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Mill Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.