The typical asking rate per listing is in the $20's per square foot per year. The Sherwood - Tualatin South region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Greater Portland market, the Sherwood - Tualatin South submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 8 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 125% of the office spaces in the Sherwood - Tualatin South 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 950 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1994 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Most of the occupants of Sherwood - Tualatin South work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.