Greater Portland Office Space

Greater Portland

Office Space Market Report

Number of Listings (last 90 days)
549
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,880
As of: February 18, 2017

Greater Portland Rates

The typical asking rate per listing is in the $20's per square foot per year. The Greater Portland submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decrease in rent.

Greater Portland Listing Supply

In the last 90 days, 549 listings have been posted online, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Greater Portland are subleases, so you will probably have to consider a longer term lease. 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 1,880 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1985 and are Class A.

Greater Portland Community

Market Report

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

Market Data

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