Portland, ME Market Trends

Looking for more information on sold properties? Get the critical details you need on recent commercial property transactions days after the close of sale.

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Multifamily Property Asking Price Index - Sale Trends

  Nov 14 vs. 3 mo. prior Y-O-Y
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State
$42,066.16 -7.0% -4.9%

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Office Property Asking Price Index - Sale Trends

  Nov 14 vs. 3 mo. prior Y-O-Y
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State
$93.91 +1.1% +1.2%
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Metro
$110.62 -1.6% -1.0%

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Industrial Property Asking Price Index - Sale Trends

  Nov 14 vs. 3 mo. prior Y-O-Y
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State
$46.56 -3.8% -12.0%

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Retail Property Asking Price Index - Sale Trends

  Nov 14 vs. 3 mo. prior Y-O-Y
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State
$115.08 -0.4% +13.8%
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Metro
$136.24 +2.5% +10.1%

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  Nov 14 vs. 3 mo. prior Y-O-Y
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State
$12.38 +2.1% +1.6%
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Metro
$13.53 +1.2% +0.1%
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County
$13.96 -0.9% -2.2%
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City
$15.37 -2.3% -7.8%

The average asking rental rate per /year for properties in Portland, ME as of Nov 14 was $15.37. This represents a decrease of -2.3% compared to the prior 3 months, with a decrease of -7.8% year-over-year. County-wide, average rental rates in Portland are -0.9% lower at $13.96 per /year for properties currently for lease.

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Office Property Asking Rent - Lease Trends

  Nov 14 vs. 3 mo. prior Y-O-Y
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State
$12.53 +0.3% -0.3%
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Metro
$13.12 +0.7% +0.1%
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County
$13.44 +0.5% -0.1%
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City
$15.64 +0.5% +1.5%

The average asking rental rate per sq ft/year for Office properties in Portland, ME as of Nov 14 was $15.64. This represents an increase of 0.5% compared to the prior 3 months, with an increase of +1.5% year-over-year. County-wide, average rental rates in Portland are +0.5% higher at $13.44 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Nov 14 vs. 3 mo. prior Y-O-Y
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State
$5.09 -2.4% -2.6%
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Metro
$5.29 -2.2% +0.8%
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County
$5.44 -3.5% +1.2%