The typical asking rate per listing is in the $30's per square foot per year. The Portsmouth submarket is going through a a boost in rates. In the last 3 months, the median rate increased $18 per sqft per year. That's a 82% rise in rent.
Compared to the rest of the Greater Boston market, the Portsmouth submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
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 office spaces in the Portsmouth are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1942 and are Class A.
Real time and historical data on commercial real estate listings in Portsmouth.
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