The typical asking rate per listing is in the $40's per square foot per year. The Portsmouth region is experiencing a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year. That's a 100% increase in rent.
Compared to the rest of the Greater Boston market, the Portsmouth submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 354 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Portsmouth are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this region were built in 1942 and are Class A.
Real time and historical data on commercial real estate listings in Portsmouth.
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