Most listings are in the $20's per square foot per year. The Multnomah region is going through a a rise in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Greater Portland market, the Multnomah region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 10 listings have been made available, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 70% of the available leases in the Multnomah 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 840 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region were built in 1983 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Multnomah residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.