On average, listings lease in the $10's per square foot per year. The South Portland Gardens submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decline in rent.
In the last 90 days, 2 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,900 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this market were built in 1977 and are Class 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 market. Most of the folk of South Portland Gardens work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.