Kerns Office Space

Kerns

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,800
As of: June 23, 2017

Kerns Rates

On average, listings lease in the $30's per square foot per year. The Kerns submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $32 per sqft per year.

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

Kerns Listing Supply

In the last 90 days, 7 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 57% of the office spaces in the Kerns are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this area were built in 1952 and are Class B.

Kerns Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Kerns occupants. Commuting close to 15 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 Kerns.
Market Report

Market Data

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