On average, listings lease in the $20's per square foot per year. The Raleigh West region is seeing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 12% rise in rent.
Compared to the rest of the Greater Portland market, the Raleigh West submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 21 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the Raleigh West are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,120 sqft. Most buildings in this market are close to 1 floors. Most buildings in this market were built in 1974 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Raleigh West occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.