Most listings are in the $40's per square foot per year. The Lloyd District submarket is going through a a boost in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 39% rise in rent.
Compared to the rest of the Greater Portland market, the Lloyd District region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 1,180 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this market were built in 1971 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Lloyd District occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.