Sylvan-Highlands Office Space

Sylvan-Highlands

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,550
As of: July 19, 2017

Sylvan-Highlands Rates

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.

Sylvan-Highlands Listing Supply

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.

Sylvan-Highlands Community

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.

Market Report

Trends and status of the commercial real estate market in Sylvan-Highlands.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Sylvan-Highlands.
Research