Most listings are in the $20's per square foot per year. The Northwest Industrial region is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Greater Portland market, the Northwest Industrial submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been made available, which means leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,980 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this region were built in 1963 and are Class C.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Northwest Industrial occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.