Most listings are in the $20's per square foot per year. The Southgate region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the Greater Portland market, the Southgate submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 2 listings have come on the market, which means office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 10,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 2004 and are Class A.
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 occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.