2024 Office Space Rent & Sales
- $18.19 2024 Avg. Asking Rent
- -4.67% Y-o-Y Avg. Asking Rent Change
- 37.92% 2024 Office Vacancy Rate
South Portland office price per square foot in 2024 was $18.19 on average. This marked a -4.67% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 37.92% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Maine Class A & A+ Office Space$24.06
- Maine Class B Office Space$16.90
- Maine Class C Office Space$12.37
South Portland, ME Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 100 Gannett Drive | 100 Gannett Drive, 04106 | 25,351 | 2000 |
| Eastern Mall Office Park- Building C | 75 John Roberts Road, Building C, 04106 | 31,376 | 1998 |
| Class A Office Space | 707 Sable Oaks Dr, 04106 | 66,000 | 1992 |
| 9 Donald B Dean Drive | 9 Donald B Dean Dr, 04106 | 10,000 | 1992 |
| Eastern Mall Office Park - Building A | 75 John Roberts Road, 04106 | 36,972 | 1989 |
| 300 Southborough Drive | 300 Southborough Drive, 04106 | 116,515 | 1987 |
| 1 Runway Rd | 1 Runway Rd, 04106 | 7,200 | 1982 |
| Atlantic Place Commerce Center | 311 Darling Ave, 04106 | 72,490 | 1979 |
| 179 John Roberts Road | 179 John Roberts Road, 04106 | 58,995 | 1978 |
| 85 E St | 85 E St, 04106 | 8,074 | 1920 |
Worth noting among recent office completions on the South Portland market is 100 Gannett Drive, which is currently the largest new office development in the city, at 25,351 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all South 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 Yardi Research Data can guarantee that the information provided is complete.