On average, listings lease in the $30's per square foot per year. The Sherwood - Tualatin South region is seeing a a rise in rates. In the last 3 months, the median rate increased $34 per sqft per year.
Compared to the rest of the Greater Portland market, the Sherwood - Tualatin South submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 7,770 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1994 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Most of the residents of Sherwood - Tualatin South work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.