South Portland Office Space

South Portland

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,940
As of: June 26, 2017

South Portland Rates

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.

South Portland Listing Supply

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.

South Portland Community

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.

Market Report

Trends and status of the commercial real estate market in South Portland.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Portland.
Research