On average, listings lease in the $20's per square foot per year. The Northeast Portland submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Greater Portland market, the Northeast Portland submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 3 listings have come on the market, which means office spaces are probably 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.
The standard measurement for office space in this area is around 1,240 sqft. Most properties in this market are around 2 floors. Most buildings in this region were built in 1958 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Northeast Portland occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.