Most listings are in the $20's per square foot per year. The Portsmouth submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Greater Boston market, the Portsmouth region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 21 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 24% of the office spaces in the Portsmouth are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,560 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 2 floors. Most buildings in this area were built in 1918 and are Class A.