Five Oaks Retail

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Five Oaks

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
2,590
As of: March 13, 2017

Five Oaks Rates

On average, listings lease in the $30's per square foot per year. The Five Oaks submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the Greater Portland market, the Five Oaks region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.

Five Oaks Listing Supply

In the last 90 days, 5 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. 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 2,590 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 2001 and are Class B.

Five Oaks Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Five Oaks folk. 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 Five Oaks.
Market Report

Market Data

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