The typical asking rate per listing is in the $30's per square foot per year. The Greater Portland submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% increase in rent.
In the last 90 days, 6078 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Greater Portland are subleases, so you will probably have to consider a longer term lease. 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 2,400 sqft. Most buildings in this market are close to 2 floors. Most buildings in this area were built in 1985 and are Class A.
Real time and historical data on commercial real estate listings in Greater Portland.
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