South Portland Sublease

South Portland

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,520
As of: February 27, 2017

South Portland Rates

Compared to the rest of the Greater Portland market, the South Portland region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

South Portland Listing Supply

In the last 90 days, 14 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the listings in the South Portland 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 3,520 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1954 and are Class B.

South Portland Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst South Portland folk. Commuting around 20 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 South Portland.
Market Report

Market Data

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