2020 Office Space Rent & Sales
- $21.18 2020 Avg. Asking Rent
- 8.44 % 2020 Office Vacancy Rate
South Portland office price per square foot in 2020 was $21.18 on average. The local office market recorded an average vacancy rate of 8.44 % across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- South Portland Class B Office Space$21.57
- South Portland Class C Office Space$16.88
- Maine Class B Office Space$18.87
- Maine Class C Office Space$12.26
South Portland, ME Office Asking Rents by Class
2020 Office Construction in South Portland, ME
- South Portland, ME Total Sqft completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the South Portland office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Jetport State Building||151 Jetport Blvd, 04102||77,312||2014|
|The Castle at Brickhill||100 Brickhill Avenue, 04106||55,608||2008|
|100 Waterman Drive||100 Waterman Drive, 04106||31,680||2008|
|50 Lydia Lane||50 Lydia Lane, 04106||27,386||2007|
|179 John Roberts Road||179 John Roberts Road, 04106||58,102||2003|
|324 Gannett Drive||324 Gannett Drive, 04106||26,118||2003|
|Long Creek Office Park - Phase 1||225 Gorham Road, 04106||72,336||2002|
|119 Gannett Drive||119 Gannett Drive, 04106||30,150||2000|
|100 Gannett Drive||100 Gannett Drive, 04106||25,351||2000|
|65 Gannett Drive||65 Gannett Drive, 04106||31,348||1997|
Worth noting among recent office completions on the South Portland market is Jetport State Building, which is currently the largest new office development in the city, at 77,312 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, 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 CommercialEdge can guarantee that the information provided is complete.