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

  Dec 14 vs. 3 mo. prior Y-O-Y
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State
$40,184.40 -13.7% -9.0%

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Office Property Asking Price Index - Sale Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
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State
$92.92 -0.1% 0.0%
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Metro
$109.46 -3.3% -2.4%

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Industrial Property Asking Price Index - Sale Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
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State
$46.81 -1.5% -11.3%

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Retail Property Asking Price Index - Sale Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
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State
$114.63 -0.2% +9.6%
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Metro
$137.48 +3.2% +8.6%

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  Dec 14 vs. 3 mo. prior Y-O-Y
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State
$12.64 +4.0% +3.7%
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Metro
$13.81 +3.1% +2.5%
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County
$14.23 +0.9% -0.4%
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City
$16.20 +3.3% -1.6%

The average asking rental rate per /year for properties in Portland, ME as of Dec 14 was $16.20. This represents an increase of 3.3% compared to the prior 3 months, with a decrease of -1.6% year-over-year. County-wide, average rental rates in Portland are +0.9% higher at $14.23 per /year for properties currently for lease.

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Office Property Asking Rent - Lease Trends

  Dec 14 vs. 3 mo. prior Y-O-Y
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State
$12.56 +0.6% +0.3%
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Metro
$13.15 +0.8% +0.6%
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County
$13.44 +0.5% +0.3%
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City
$15.61 +0.6% +1.8%

The average asking rental rate per sq ft/year for Office properties in Portland, ME as of Dec 14 was $15.61. This represents an increase of 0.6% compared to the prior 3 months, with an increase of +1.8% 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

  Dec 14 vs. 3 mo. prior Y-O-Y
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State
$5.01 -4.4% -4.6%
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Metro
$5.28 -2.7% +0.1%
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County
$5.37 -5.6% -0.6%