On average, listings lease in the $20's per square foot per year. The Northwest Industrial region is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 25% decline in rent.
Compared to the rest of the Greater Portland market, the Northwest Industrial submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been listed, which means new listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,980 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this market were built in 1963 and are Class C.
Arts, entertainment, and restaurants are the dominant industries in this market. 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.