The typical asking rate per listing is in the $20's per square foot per year. The South Portland Gardens submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 30% increase in rent.
In the last 90 days, 9 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 56% of the available leases in the South Portland Gardens are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 8,980 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1977 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Most of the occupants of South Portland Gardens work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.