On average, listings lease in the $30's per square foot per year. The Fircrest region is going through a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Greater Portland market, the Fircrest submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 21 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1998 and are Class B.
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 occupants of Fircrest work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.