The typical asking rate per listing is in the $10's per square foot per year. The South Portland Gardens submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
In the last 90 days, 9 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,250 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1981 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Most of the residents of South Portland Gardens work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.