On average, listings lease in the $10's per square foot per year. The Greenway region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Greater Portland market, the Greenway region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 listings have been made available, which means spaces might be 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 17,280 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 1 stories. Most buildings in this area were built in 1986 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Utilities is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Greenway occupants. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.