Mill Park Retail

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Mill Park

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
320
As of: December 8, 2016

Mill Park Rates

On average, listings lease in the $10's per square foot per year. The Mill Park region is going through a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 38% decline in rent.

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

Mill Park Listing Supply

In the last 90 days, 3 listings have been made available, which means 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 320 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1980 and are Class C.

Mill Park Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Mill Park occupants. 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 Mill Park.
Market Report

Market Data

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