Most listings are in the $20's per square foot per year. The Northeast Hillsboro region is experiencing a decrease in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Greater Portland market, the Northeast Hillsboro submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 11 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the office spaces in the Northeast Hillsboro are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 7,560 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area 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 market. Commute by motorcycle is the most popular way to get to work amongst Northeast Hillsboro occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.