Willamette Retail

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Willamette

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,350
As of: July 28, 2017

Willamette Rates

On average, listings lease in the $30's per square foot per year. The Willamette submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 15% rise in rent.

Compared to the rest of the Greater Portland market, the Willamette region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Willamette Listing Supply

In the last 90 days, 3 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 367% of the available space in the Willamette 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,350 sqft. Most buildings in this area were built in 2006 and are Class A.

Willamette Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Willamette residents. Commuting close to an hour and a half 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 Willamette.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Willamette.
Research

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