On average, listings lease in the $30's per square foot per year. The Southeast Uplift submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Greater Portland market, the Southeast Uplift region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 36 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 2,120 sqft. Most properties in this region are close to 2 stories. Most buildings in this market were built in 1955 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Southeast Uplift folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.