Northwest District Industrial

Northwest District

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
4,400
As of: December 9, 2016

Northwest District Rates

The typical asking rate per listing is in the $30's per square foot per year. The Northwest District submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 0% rise in rent.

Compared to the rest of the Greater Portland market, the Northwest District region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Northwest District Listing Supply

In the last 90 days, 10 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the Northwest District are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 4,400 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1956 and are Class A.

Northwest District Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the occupants of Northwest District work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Northwest District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northwest District.
Research