Compared to the rest of the Greater Portland market, the Sommerset West - Elmonica North region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means new listings are probably 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 17,960 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built in 1988 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Most of the occupants of Sommerset West - Elmonica North work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.