Kerns Office Space

Kerns

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
2,270
As of: March 12, 2017

Kerns Rates

Most listings are in the $30's per square foot per year. The Kerns submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 20% rise in rent.

Compared to the rest of the Greater Portland market, the Kerns region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Kerns Listing Supply

In the last 90 days, 7 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,270 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 1961 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 area. Commute by public transit is the most popular way to get to work amongst Kerns folk. Commuting around 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