The typical asking rate per listing is in the $30's per square foot per year. The Metzger submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the Greater Portland market, the Metzger submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 61 listings have been made available, so you'll want to check back regularly for new listings. About 39% of the listings in the Metzger 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.
The standard measurement for office space in this area is around 1,480 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this area were built in 1988 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 close to 30 minutes a day is the norm for those who opt to reside in this part of town.