On average, listings lease in the $30's per square foot per year. The Cedar Hills - Cedar Mill submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $37 per sqft per year.
Compared to the rest of the Greater Portland market, the Cedar Hills - Cedar Mill region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 4 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Cedar Hills - Cedar Mill are subleases, so you might be able to find a shorter term or below market rent. 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 4,970 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 2002 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by motorcycle is the most popular way to get to work amongst Cedar Hills - Cedar Mill residents. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.