On average, listings lease in the $30's per square foot per year. The Buckman region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Greater Portland market, the Buckman region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 208 listings have been listed, so you'll want to check back regularly for new listings. About 8% of the available leases in the Buckman are subleases, so you will probably have to consider a longer term lease. 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 1,300 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1929 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Buckman folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Buckman.
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