The typical asking rate per listing is in the $20's per square foot per year. The Tigard Neighborhood Area 5 region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Greater Portland market, the Tigard Neighborhood Area 5 region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
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 make an offer immediately. About 11% of the listings in the Tigard Neighborhood Area 5 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 1,410 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1985 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Information is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Tigard Neighborhood Area 5 occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.