South Portland Sublease

South Portland

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
2,730
As of: March 12, 2017

South Portland Rates

Most listings are in the $10's per square foot per year. The South Portland region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.

South Portland Listing Supply

In the last 90 days, 17 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the South Portland 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,730 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1974 and are Class A.

South Portland Community

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