Lair Hill Industrial

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Lair Hill

Market Report

Number of Listings
Posted in the last 90 days
6
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
830

Lair Hill Rates

Most listings are in the $30's per square foot per year. The Lair Hill submarket is going through a a rise in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 63% increase in rent.

Compared to the rest of the Greater Portland market, the Lair Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Lair Hill Listing Supply

In the last 90 days, 237 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Lair Hill are subleases, so you will probably have to focus your search on direct office leases. 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 830 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1974 and are Class B.

Lair Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Lair Hill folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Lair Hill.
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