Most listings are in the $20's per square foot per year. The Lair Hill region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Greater Portland market, the Lair Hill region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 25 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 76% of the listings in the Lair Hill 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 2,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this region were built in 1974 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 area. 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.