Most listings are in the $10's per square foot per year. The Mill Park region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 38% decline in rent.
Compared to the rest of the Greater Portland market, the Mill Park submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 listings have been listed, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 320 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1980 and are Class C.
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 area. Commute by bike is the most popular way to get to work amongst Mill Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.