On average, listings lease in the $20's per square foot per year. The East Portland submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Greater Portland market, the East Portland region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 13 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 92% of the available leases in the East 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.
The standard measurement for office space in this area is around 1,110 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1994 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst East Portland residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.