The typical asking rate per listing is in the $20's per square foot per year. The Lair Hill submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Greater Portland market, the Lair Hill submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 25 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 4% of the available space in the Lair Hill are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,320 sqft. Most properties in this area are close to 3 floors. Most buildings in this area 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 market. Commute by bike is the most popular way to get to work amongst Lair Hill residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.