Sommerset West - Elmonica South Sublease

Sommerset West - Elmonica South

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 24, 2016

Sommerset West - Elmonica South Rates

Compared to the rest of the Greater Portland market, the Sommerset West - Elmonica South submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Sommerset West - Elmonica South Listing Supply

In the last 90 days, 3 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Sommerset West - Elmonica 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 posted, so finding a space for a small business might be tough.

Even though the median size is 22,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1999 and are Class A.

Sommerset West - Elmonica South Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by taxi is the most popular way to get to work amongst Sommerset West - Elmonica South 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 Sommerset West - Elmonica South.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Sommerset West - Elmonica South.