Most listings are in the $30's per square foot per year. The Metzger submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Greater Portland market, the Metzger submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 24 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the Metzger are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,200 sqft. Most buildings in this region are around 2 floors. Most buildings in this region were built in 1986 and are Class A.
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. Most of the residents of Metzger work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.