Parkrose Sublease

Parkrose

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
6,010
As of: March 11, 2017

Parkrose Rates

Most listings are in the $20's per square foot per year. The Parkrose region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 18% decline in rent.

Compared to the rest of the Greater Portland market, the Parkrose submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Parkrose Listing Supply

In the last 90 days, 5 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Parkrose 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 6,010 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 2008 and are Class A.

Parkrose Community

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 market. Commute by bike is the most popular way to get to work amongst Parkrose residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Parkrose.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Parkrose.
Research