In 2022 the Kennebec County, ME commercial real estate market totaled 1,945,089 square feet of office spaces, 2,919,392 square feet of office spaces with retail, and 4,413,690 square feet of industrial space.
Office Spaces
Total: 1,945,089 SF
Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range: |
50k to 100k SqFt |
512,922 SqFt |
26.37% of total office |
100k to 500k SqFt |
1,432,167 SqFt |
73.63% of total office |
By class: |
Class A |
525,880 SqFt |
27.04% of total office |
Class B |
1,288,038 SqFt |
66.22% of total office |
Class C |
131,171 SqFt |
6.74% of total office |
Class A office space holds a 27.04% share of the overall Kennebec County, ME office market, while Class B office assets make up approximately 66.22%.
Industrial
Total: 4,413,690 SF
Data provided by Yardi Matrix, properties over 50k SF
By square footage range: |
50k to 100k SqFt |
1,003,000 SqFt |
22.72% of total industrial |
100k to 500k SqFt |
2,231,122 SqFt |
50.55% of total industrial |
> 1M SqFt |
1,179,568 SqFt |
26.73% of total industrial |
By class: |
Class A |
555,526 SqFt |
12.59% of total industrial |
Class B |
3,332,366 SqFt |
75.5% of total industrial |
Class C |
525,798 SqFt |
11.91% of total industrial |
There are 2,231,122 square feet of commercial real estate properties between 100k to 500k square feet, representing 50.55% of the Kennebec County, ME industrial inventory. Class A assets total 555,526 square feet of industrial space, with an additional 3,332,366 square feet of Class B and 525,798 square feet of Class C properties.
Office Spaces with Retail
Total: 2,919,392 SF
Data provided by Yardi Matrix, properties over 50k SF
By square footage range: |
50k to 100k SqFt |
507,787 SqFt |
17.39% of total office with retail |
100k to 500k SqFt |
2,411,605 SqFt |
82.61% of total office with retail |