On average, listings lease in the $20's per square foot per year. The Arnada submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Greater Portland market, the Arnada submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 4 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 730 sqft. Most properties in this area are approximately 1 stories. Most buildings in this area were built in 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Arnada occupants. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.