South Portland Gardens Industrial

South Portland Gardens

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
8,980
As of: July 28, 2017

South Portland Gardens Rates

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.

South Portland Gardens Listing Supply

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.

South Portland Gardens Community

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.

Market Report

Trends and status of the commercial real estate market in South Portland Gardens.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Portland Gardens.
Research