Cedar Hills - Cedar Mill Sublease

Cedar Hills - Cedar Mill

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,240
As of: January 16, 2017

Cedar Hills - Cedar Mill Rates

On average, listings lease in the $30's per square foot per year. The Cedar Hills - Cedar Mill submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 9% rise in rent.

Compared to the rest of the Greater Portland market, the Cedar Hills - Cedar Mill submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.

Cedar Hills - Cedar Mill Listing Supply

In the last 90 days, 5 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the Cedar Hills - Cedar Mill are subleases, so you might be able to snag a great spot on a short term. 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 2,240 sqft. Most buildings in this area are around 3 floors. Most buildings in this area were built in 2002 and are Class B.

Cedar Hills - Cedar Mill Community

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 market. Commute by motorcycle is the most popular way to get to work amongst Cedar Hills - Cedar Mill occupants. Commuting approximately 10 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 Cedar Hills - Cedar Mill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cedar Hills - Cedar Mill.
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Cedar Mill Submarkets