Most listings are in the $30's per square foot per year. The Sylvan-Highlands region is experiencing a a rise in rates. In the last 3 months, the median rate rose $16 per sqft per year. That's a 80% rise in rent.
Compared to the rest of the Greater Portland market, the Sylvan-Highlands region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 31% of the office spaces in the Sylvan-Highlands 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.
Even though the median size is 2,550 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1971 and are Class C.
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 residents of Sylvan-Highlands work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.