On average, listings lease in the $30's per square foot per year. The Northwest Industrial submarket is going through a an increase in rates. In the last 3 months, the median rate went up $33 per sqft per year.
Compared to the rest of the Greater Portland market, the Northwest Industrial submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 0 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the available space in the Northwest Industrial 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 7,710 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1956 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Northwest Industrial folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.