The typical asking rate per listing is in the $30's per square foot per year. The Northwest District region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Greater Portland market, the Northwest District region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,010 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this region were built in 1956 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the occupants of Northwest District work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.