The typical asking rate per listing is in the $20's per square foot per year. The South Portland submarket is going through a an increase in rates. In the last 3 months, the median rate went up $21 per sqft per year.
Compared to the rest of the Greater Portland market, the South Portland region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 13 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 138% of the available leases in the South Portland 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 2,940 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this area were built in 1954 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst South Portland residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.