Willamette Sublease

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Willamette

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
1,350
As of: June 26, 2017

Willamette Rates

Most listings are in the $30's per square foot per year. The Willamette region is seeing a a boost in rates. In the last 3 months, the median rate increased $40 per sqft per year.

Compared to the rest of the Greater Portland market, the Willamette submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Willamette Listing Supply

In the last 90 days, 3 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 300% of the available space in the Willamette 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.

The standard measurement for office space in this area is around 1,350 sqft. Most buildings in this market were built in 2006 and are Class A.

Willamette Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Willamette residents. Commuting approximately an hour and a half 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 Willamette.
Market Report

Market Data

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