The typical asking rate per listing is in the $30's per square foot per year. The Metzger region is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Greater Portland market, the Metzger submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 24 listings have been listed, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available space in the Metzger are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,200 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1986 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Most of the residents of Metzger work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.