On average, listings lease 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 went up $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Greater Portland market, the Northwest Industrial region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 1 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 900 sqft. Most buildings in this market are close to 3 floors. Most buildings in this region were built in 1963 and are Class C.
Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Northwest Industrial occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.