Old Port District Commercial Real Estate

80 Exchange St - Floor 4 Downtown Portland, Portland, ME heat/AC/hot water:
Sep 19
3,000
sqft
Mixed Use Office

Old Port District

Market Report

Number of Listings
Posted in the last 90 days
5
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
3,400

Old Port District Rates

Most listings are in the $80's per square foot per year. The Old Port District submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 12% increase in rent.

Old Port District Listing Supply

In the last 90 days, 219 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available leases in the Old Port District 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.

The standard measurement for office space in this area is around 190 sqft. Most properties in this market are close to 4 stories. Most buildings in this region were built in 1880 and are Class B.

Old Port District Community

Waste services is the dominant industry in this region. Most of the occupants of Old Port District work from home. 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 Old Port District.
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