On average, listings lease in the $30's per square foot per year. The Cedar Hills - Cedar Mill region is going through a a boost in rates. In the last 3 months, the median rate went up $37 per sqft per year.
Compared to the rest of the Greater Portland market, the Cedar Hills - Cedar Mill submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Cedar Hills - Cedar Mill are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,970 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 4 floors. Most buildings in this region were built in 2004 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by motorcycle is the most popular way to get to work amongst Cedar Hills - Cedar Mill folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.