Cedar Hills - Cedar Mill Office Space

Cedar Hills - Cedar Mill

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
4,970
As of: June 25, 2017

Cedar Hills - Cedar Mill Rates

On average, listings lease in the $30's per square foot per year. The Cedar Hills - Cedar Mill submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $37 per sqft per year.

Compared to the rest of the Greater Portland market, the Cedar Hills - Cedar Mill region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Cedar Hills - Cedar Mill Listing Supply

In the last 90 days, 4 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Cedar Hills - Cedar Mill are subleases, so you might be able to find a shorter term or below market rent. 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 4,970 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 2002 and are Class B.

Cedar Hills - Cedar Mill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Cedar Hills - Cedar Mill residents. Commuting around 10 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 Cedar Hills - Cedar Mill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cedar Hills - Cedar Mill.
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Cedar Mill Submarkets