Compared to the rest of the Greater Portland market, the Sommerset West - Elmonica North region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 2 listings have been listed, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 17,960 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are close to 1 floors. 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 region. Most of the folk of Sommerset West - Elmonica North work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.