The typical asking rate per listing is in the $20's per square foot per year. The Cully submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Greater Portland market, the Cully region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 7 listings have come on the market, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,810 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Cully occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.