Sommerset West - Elmonica South Retail

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Sommerset West - Elmonica South

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
17,190
As of: June 22, 2017

Sommerset West - Elmonica South Rates

The typical asking rate per listing is in the $10's per square foot per year. The Sommerset West - Elmonica South region is experiencing a a boost in rates. In the last 3 months, the median rate increased $14 per sqft per year.

Compared to the rest of the Greater Portland market, the Sommerset West - Elmonica South submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Sommerset West - Elmonica South Listing Supply

In the last 90 days, 8 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings in the Sommerset West - Elmonica South 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 posted, so finding a space for a small business might be tough.

Even though the median size is 6,550 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area were built in 1999 and are Class A.

Sommerset West - Elmonica South Community

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 region. Commute by taxi is the most popular way to get to work amongst Sommerset West - Elmonica South occupants. 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 Sommerset West - Elmonica South.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Sommerset West - Elmonica South.
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