On average, listings lease in the $30's per square foot per year. The Hosford-Abernethy region is going through a an increase in rates. In the last 3 months, the median rate rose $34 per sqft per year.
Compared to the rest of the Greater Portland market, the Hosford-Abernethy submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 27% of the available leases in the Hosford-Abernethy are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, 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 close to 4 floors. Most buildings in this area were built in 1924 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 area. Commute by public transit is the most popular way to get to work amongst Hosford-Abernethy occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.