The typical asking rate per listing is in the $20's per square foot per year. The Southgate region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Greater Portland market, the Southgate region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 7 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,330 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this market 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 bike is the most popular way to get to work amongst Southgate residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.