Most listings are in the $30's per square foot per year. The Metzger region is experiencing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Greater Portland market, the Metzger region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 61 listings have been posted online, so you'll want to check back regularly for new listings. About 41% of the available space in the Metzger are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,400 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1988 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 region. Most of the folk of Metzger work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.