Most listings are in the $20's per square foot per year. The Lair Hill submarket is going through a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 31% rise in rent.
Compared to the rest of the Greater Portland market, the Lair Hill submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 16 listings have been made available, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available space in the Lair Hill 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1974 and are Class B.
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 area. Commute by bike is the most popular way to get to work amongst Lair Hill residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.