Most listings are in the $20's per square foot per year. The Central Northeast Portland submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Greater Portland market, the Central Northeast Portland submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 12 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 75% of the listings in the Central Northeast Portland are subleases, so you might be able to snag a great spot on a short term. 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 2,710 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1948 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Central Northeast Portland occupants. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.