Most listings are in the $30's per square foot per year. The Northwest District submarket is going through a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Greater Portland market, the Northwest District submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 11% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,550 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this market were built in 1956 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 market. Most of the occupants of Northwest District work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.