Mill Park Sublease

Mill Park

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
300
As of: July 27, 2017

Mill Park Rates

Most listings are in the $20's per square foot per year. The Mill Park region is seeing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decline in rent.

Compared to the rest of the Greater Portland market, the Mill Park submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Mill Park Listing Supply

In the last 90 days, 1 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available leases in the Mill Park 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.

The standard measurement for office space in this area is around 300 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1980 and are Class C.

Mill Park 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 region. Commute by bike is the most popular way to get to work amongst Mill Park 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 Mill Park.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Mill Park.
Research