The typical asking rate per listing is in the $30's per square foot per year. The Northwest District submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decrease 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, 9 listings have come on the market, which means leases most likley are 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.
Even though the median size is 3,010 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this market 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.