The typical asking rate per listing is in the $20's per square foot per year. The Mill Park submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 34% rise in rent.
Compared to the rest of the Greater Portland market, the Mill Park submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Mill Park are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,870 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 1980 and are Class C.
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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.