Parkrose Industrial

Parkrose

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
5,600
As of: July 27, 2017

Parkrose Rates

Most listings are in the $30's per square foot per year. The Parkrose region is experiencing a an increase in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 17% rise in rent.

Compared to the rest of the Greater Portland market, the Parkrose submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Parkrose Listing Supply

In the last 90 days, 5 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 60% of the available leases in the Parkrose 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 5,600 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 2008 and are Class A.

Parkrose 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 market. Commute by bike is the most popular way to get to work amongst Parkrose occupants. Commuting between 20 and 25 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 Parkrose.
Market Report

Market Data

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