Fircrest Office Space

Fircrest

Office Space Market Report

Number of Listings (last 90 days)
104
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
18,880
As of: August 17, 2017

Fircrest Rates

On average, listings lease in the $20's per square foot per year. The Fircrest region is going through a a boost in rates. In the last 3 months, the median rate rose $24 per sqft per year.

Compared to the rest of the Greater Portland market, the Fircrest submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Fircrest Listing Supply

In the last 90 days, 3 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the Fircrest 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 18,880 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1998 and are Class B.

Fircrest 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 market. Most of the folk of Fircrest work from home. Commuting between 30 and 45 minutes 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 Fircrest.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Fircrest.
Research