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.
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.
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.