2023 Office Space Rent & Sales
- $19.13 2023 Avg. Asking Rent
- 11.15% 2023 Office Vacancy Rate
Portland office price per square foot in 2023 was $19.13 on average. The local office market recorded an average vacancy rate of 11.15% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Portland Class A & A+ Office Space$10.00
- Portland Class B Office Space$19.33
- Maine Class A & A+ Office Space$10.99
- Maine Class B Office Space$19.45
- Maine Class C Office Space$17.94
Portland, ME Office Asking Rents by Class
2023 Office Vacancy Rates in Portland
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Portland - Downtown | $20.51 | 11.52% |
Portland - West | $17.26 | 11.86% |
Portland - Oakdale | $15.06 | 0.00% |
Coworking Spaces in Maine
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Boston Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Cincinnati Coworking Space
- Raleigh Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Detroit Coworking Space
- Durham Coworking Space
- Cambridge Coworking Space
- Jersey City Coworking Space
- Queens Coworking Space
- Cleveland Coworking Space
- Grand Rapids Coworking Space
- Asheville Coworking Space
- Richmond Coworking Space
2023 Office Construction in Portland, ME
Office building | Address | SF | Completed |
---|---|---|---|
12 Mountfort Street | 12 Mountfort Street, 04101 | 170,000 | 2022 |
16 Middle Street, Unit 302, Portland | 16 Middle Street, 04101 | 5,374 | 2017 |
16 Middle Street, Unit 302, Portland | 16 Middle Street, 04101 | 5,374 | 2017 |
Professional Office Suite | 970 Baxter Blvd, 04103 | 30,807 | 2000 |
Flex/Office, Light Industrial Space | 108A Industrial Way, 04103 | 13,000 | 1999 |
The Cannery | 14 York Street, 04101 | 32,670 | 1996 |
190 Riverside Street, Unit 4B | 190 Riverside Street, Unit 4B, 04103 | 45,421 | 1988 |
First-floor Commercial Condo For Lease | 352 Warren Avenue, 04103 | 27,052 | 1988 |
208 Fore Street | 208 Fore Street, 04101 | 11,137 | 1988 |
One City Center | 1 City Center, 04101 | 210,000 | 1987 |
Worth noting among recent office completions on the Portland market is 12 Mountfort Street, which is currently the largest new office development in the city, at 170,000 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- Charlotte Office Rent Price
- Manhattan Office Rent Price
- San Francisco Office Rent Price
- Austin Office Rent Price
- Miami Office Rent Price
- Atlanta Office Rent Price
- Chicago Office Rent Price
- Washington Office Rent Price
- San Antonio Office Rent Price
- San Diego Office Rent Price
- Dallas Office Rent Price
- Phoenix Office Rent Price
- Denver Office Rent Price
- Houston Office Rent Price
- Seattle Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Portland commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.