Southgate Office Space

Southgate

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,330
As of: February 23, 2017

Southgate Rates

On average, listings lease in the $20's per square foot per year. The Southgate region is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% increase in rent.

Compared to the rest of the Greater Portland market, the Southgate submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Southgate Listing Supply

In the last 90 days, 6 listings have come on the market, which means new availabilities most likley are 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.

The standard measurement for office space in this area is around 1,330 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 2004 and are Class A.

Southgate 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 bike is the most popular way to get to work amongst Southgate 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 Southgate.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southgate.
Research

Milwaukie Submarkets