The typical asking rate per listing is in the $20's per square foot per year. The Cascade Park region is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% rise in rent.
Compared to the rest of the Greater Portland market, the Cascade Park region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,010 sqft. Most properties in this area are around 2 stories. Most buildings in this region were built in 2001 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Cascade Park residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.