The typical asking rate per listing is in the $30's per square foot per year. The Northwest Industrial region is experiencing a a rise in rates. In the last 3 months, the median rate rose $33 per sqft per year.
Compared to the rest of the Greater Portland market, the Northwest Industrial submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 0 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Northwest Industrial 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,710 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this region were built in 1956 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Northwest Industrial folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.