Cully Retail

Cully

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,710
As of: July 22, 2017

Cully Rates

The typical asking rate per listing is in the $20's per square foot per year. The Cully region is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the Greater Portland market, the Cully region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Cully Listing Supply

In the last 90 days, 7 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available leases in the Cully 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,710 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1985 and are Class B.

Cully Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Cully residents. 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 Cully.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cully.
Research