Parkrose Sublease

Parkrose

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
5,600
As of: July 19, 2017

Parkrose Rates

Most listings are in the $20's per square foot per year. The Parkrose region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.

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

Parkrose Listing Supply

In the last 90 days, 5 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the office spaces 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are close to 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 region. 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