Lair Hill Sublease

Lair Hill

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,360
As of: December 2, 2016

Lair Hill Rates

On average, listings lease in the $20's per square foot per year. The Lair Hill submarket 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% increase in rent.

Compared to the rest of the Greater Portland market, the Lair Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Lair Hill Listing Supply

In the last 90 days, 13 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Lair Hill 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,360 sqft. Most buildings in this area are around 3 stories. Most buildings in this area were built in 1973 and are Class B.

Lair Hill Community

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 market. 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.

Market Report

Trends and status of the commercial real estate market in Lair Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Lair Hill.
Research