Kerns Retail

Kerns

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
4,000
As of: January 22, 2017

Kerns Rates

On average, listings lease in the $20's per square foot per year. The Kerns submarket is going through a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 25% increase in rent.

Compared to the rest of the Greater Portland market, the Kerns region 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, 5 listings have come on the market, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 1,840 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1963 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