Most listings are in the $20's per square foot per year. The Lair Hill submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 22% rise in rent.
Compared to the rest of the Greater Portland market, the Lair Hill region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 17 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 12% of the available space in the Lair Hill 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 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 1,360 sqft. Most buildings in this region are close to 3 floors. Most buildings in this market were built in 1973 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Lair Hill folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.