Most listings are in the $30's per square foot per year. The Hosford-Abernethy submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Greater Portland market, the Hosford-Abernethy submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 11 listings have been posted online, which means office spaces might be 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,160 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1927 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Hosford-Abernethy residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.