Most listings are in the $20's per square foot per year. The Lair Hill region is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 22% rise 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, 18 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the listings 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,630 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1973 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.