On average, listings lease in the $30's per square foot per year. The Fisher's Village region is seeing a a boost in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the Greater Portland market, the Fisher's Village region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 35 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the office spaces in the Fisher's Village are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,730 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1998 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Fisher's Village residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.