The typical asking rate per listing is in the $10's per square foot per year. The Far Southwest submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $18 per sqft per year.
Compared to the rest of the Greater Portland market, the Far Southwest submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 1 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 2,700 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 2 stories. Most buildings in this area were built in 1974.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the residents of Far Southwest work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.