On average, listings lease in the $20's per square foot per year. The East Portland region is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 22% 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 undervalued region.
In the last 90 days, 13 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 77% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,600 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this market 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 area. Commute by taxi is the most popular way to get to work amongst East Portland residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.