Most listings are in the $30's per square foot per year. The Northwest District region is seeing a a rise in rates. In the last 3 months, the median rate rose $31 per sqft per year.
Compared to the rest of the Greater Portland market, the Northwest District submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 9 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 156% of the office spaces 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 available, so finding a space for a small business might be tough.
Even though the median size is 16,100 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this area were built in 1963 and are Class A.
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 approximately 10 minutes a day is the norm for those who opt to reside in this part of town.