The typical asking rate per listing is in the $30's per square foot per year. The Northwest District submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $11 per sqft per year. That's a 57% increase in rent.
Compared to the rest of the Greater Portland market, the Northwest District region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 9 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Northwest District 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 posted, so finding a space for a small business might be tough.
Even though the median size is 16,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this area were built in 1963 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 market. Most of the folk 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.