Where to find market rates for commercial rental?

Where to find market rates for commercial rental?

Member since 2019 · 1 post · 0 votes

My husband & I are looking at investing in a building in Portland OR that is zoned for mixed use, CM2. We would be using part of the building ourselves and renting out the rest. Of course we need to get an idea how much we could collect in rent. We would be looking to rent the space as work/live or an office or creative space of some kind. Where is a good place to get reliable information? Thank you

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  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    7y

    @Patti Stone talk to a commercial broker.

  • Mike NussPro Member
    Real Estate Entrepreneur · Portland, OR · Member since 2014 · 452 posts · 328 votes
    7y

    @Patti Stone commercial real estate is a whole other arena to work in. Data is not readily available, unless you have a costar subscription which can be very costly or are in contact with commercial brokers. My experience with local commercial brokers is that they don't seem to be good at calling back inquiries. They're focused more on the big fish that they know they'll get good commissions from.

    I have experience, personally, with small commercial in Portland and am happy to provide some additional insight on your property if I can. I'm also a licensed property manager, but have not managed commercial properties for clients to date, just my own small commercial stuff.  

    Hope this helps!

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