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

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
$38,691.97 -8.0% -18.9%

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Office Property Asking Price Index - Sale Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
$92.06 -2.0% -2.4%
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Metro
$107.27 -3.0% -3.5%

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Industrial Property Asking Price Index - Sale Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
$46.84 +0.6% -9.6%

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Retail Property Asking Price Index - Sale Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
$113.98 -1.0% +6.2%
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Metro
$140.28 +3.0% +10.4%

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  Feb 15 vs. 3 mo. prior Y-O-Y
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State
$12.87 +4.0% +5.6%
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Metro
$14.12 +4.3% +4.5%
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County
$14.66 +5.0% +2.3%
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City
$17.84 +16.1% +9.2%

The average asking rental rate per /year for properties in Portland, ME as of Feb 15 was $17.84. This represents an increase of 16.1% compared to the prior 3 months, with an increase of +9.2% year-over-year. County-wide, average rental rates in Portland are +5.0% higher at $14.66 per /year for properties currently for lease.

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Office Property Asking Rent - Lease Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
$12.60 +0.5% +0.1%
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Metro
$13.16 +0.3% +0.4%
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County
$13.42 -0.2% +0.0%
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City
$15.56 -0.6% +1.2%

The average asking rental rate per sq ft/year for Office properties in Portland, ME as of Feb 15 was $15.56. This represents a decrease of -0.6% compared to the prior 3 months, with an increase of +1.2% year-over-year. County-wide, average rental rates in Portland are -0.2% lower at $13.42 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Feb 15 vs. 3 mo. prior Y-O-Y
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State
$4.90 -3.8% -6.2%
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Metro
$5.30 +0.3% -0.5%
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County
$5.35 -1.7% -2.9%