Most listings are in the $20's per square foot per year. The Lair Hill submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease 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 depreciated region.
In the last 90 days, 12 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Lair Hill 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,360 sqft. Most properties in this region are around 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 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.