Kerns Retail

Kerns

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
7,460
As of: December 10, 2016

Kerns Rates

Most listings are in the $20's per square foot per year. The Kerns submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 25% increase in rent.

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

Kerns Listing Supply

In the last 90 days, 6 listings have been listed, which means office spaces most likley are going fast. 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.

Even though the median size is 7,460 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1961 and are Class B.

Kerns 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 market. Commute by public transit is the most popular way to get to work amongst Kerns residents. Commuting around 15 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 Kerns.
Market Report

Market Data

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