On average, listings lease in the $20's per square foot per year. The Metzger submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $25 per sqft per year.
Compared to the rest of the Greater Portland market, the Metzger region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 61 listings have been made available, so you'll want to check back regularly for new listings. About 49% of the available leases in the Metzger 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.
The standard measurement for office space in this area is around 1,690 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this region were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the residents of Metzger work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.