South Portland Gardens Sublease

South Portland Gardens

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
8,980
As of: August 18, 2017

South Portland Gardens Rates

The typical asking rate per listing is in the $20's per square foot per year. The South Portland Gardens submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 47% increase in rent.

South Portland Gardens Listing Supply

In the last 90 days, 9 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces in the South Portland Gardens 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 8,980 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1977 and are Class A.

South Portland Gardens Community

A large portion of this area is residential, but there's plenty of office_space. Finance and insurance are the dominant industries in this region. Most of the residents of South Portland Gardens work from home. Commuting around an hour 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 Gardens.
Market Report

Market Data

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