Most listings are in the $30's per square foot per year. The Lloyd District submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the Greater Portland market, the Lloyd District submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 2 listings have come on the market, which means new listings might be going fast. 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 3,770 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 6 stories. Most buildings in this area were built in 1971 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Lloyd District folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.