Most listings are in the $30's per square foot per year. The Northwest District region is seeing a an increase in rates. In the last 3 months, the median rate increased $0 per sqft per year. That's a 0% rise in rent.
Compared to the rest of the Greater Portland market, the Northwest District submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 10 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the listings in the Northwest District are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,400 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 3 floors. Most buildings in this area were built in 1956 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the folk of Northwest District work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.