Most listings are in the $20's per square foot per year. The Esther Short region is going through a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 21% decline in rent.
Compared to the rest of the Greater Portland market, the Esther Short region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 15 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,480 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Esther Short residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.