The typical asking rate per listing is in the $20's per square foot per year. The Northeast Portland submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 22% decline in rent.
Compared to the rest of the Greater Portland market, the Northeast Portland region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 133% of the office spaces in the Northeast Portland are subleases, so you might be able to find a shorter term or below market rent. 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 1,100 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1931 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Northeast Portland occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.