West Portland Park Office Space

West Portland Park

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
2,670
As of: August 17, 2017

West Portland Park Rates

Most listings are in the $30's per square foot per year. The West Portland Park submarket is going through a a rise in rates. In the last 3 months, the median rate increased $14 per sqft per year. That's a 68% rise in rent.

Compared to the rest of the Greater Portland market, the West Portland Park submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

West Portland Park Listing Supply

In the last 90 days, 2 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the West Portland Park 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,670 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 4 stories.

West Portland Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst West Portland Park residents. Commuting around 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 West Portland Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in West Portland Park.
Research