Most listings are in the $30's per square foot per year. The Sylvan-Highlands submarket is going through a a rise in rates. In the last 3 months, the median rate went up $36 per sqft per year.
Compared to the rest of the Greater Portland market, the Sylvan-Highlands submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 38% of the listings in the Sylvan-Highlands are subleases, so you might be able to snag a great spot on a short term. 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 2,550 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1971 and are Class C.
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. Most of the residents of Sylvan-Highlands work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.