Tigard Neighborhood Area 7 Retail

Tigard Neighborhood Area 7

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,470
As of: February 27, 2017

Tigard Neighborhood Area 7 Rates

The typical asking rate per listing is in the $30's per square foot per year. The Tigard Neighborhood Area 7 submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 8% decline in rent.

Compared to the rest of the Greater Portland market, the Tigard Neighborhood Area 7 region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Tigard Neighborhood Area 7 Listing Supply

In the last 90 days, 11 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the Tigard Neighborhood Area 7 are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,470 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 1 stories. Most buildings in this area were built in 2005 and are Class A.

Tigard Neighborhood Area 7 Community

A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Tigard Neighborhood Area 7 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Tigard Neighborhood Area 7.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Tigard Neighborhood Area 7.
Research