On average, listings lease in the $30's per square foot per year. The Northeast Hillsboro region is going through a a rise in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 37% increase in rent.
Compared to the rest of the Greater Portland market, the Northeast Hillsboro submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 30% of the listings in the Northeast Hillsboro 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,460 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this market were built in 1998 and are Class A.
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 region. Commute by motorcycle is the most popular way to get to work amongst Northeast Hillsboro folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.