On average, listings lease in the $20's per square foot per year. The Tigard Neighborhood Area 7 submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Greater Portland market, the Tigard Neighborhood Area 7 region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 4 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,380 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 2005 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Tigard Neighborhood Area 7 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.