The typical asking rate per listing is in the $10's per square foot per year. The Sylvan-Highlands submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Greater Portland market, the Sylvan-Highlands submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 17 listings have been made available, which means new listings might be leasing quickly. 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 1,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1971 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Most of the occupants of Sylvan-Highlands work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.