The typical asking rate per listing is in the $30's per square foot per year. The Hosford-Abernethy region is experiencing a an increase in rates. In the last 3 months, the median rate went up $34 per sqft per year.
Compared to the rest of the Greater Portland market, the Hosford-Abernethy region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 11 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 27% of the listings 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 posted, 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 buildings in this region are close to 4 stories. Most buildings in this region 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 region. Commute by public transit is the most popular way to get to work amongst Hosford-Abernethy occupants. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.