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

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
$39,029.05 -10.1% -16.8%

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Office Property Asking Price Index - Sale Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
$93.07 -0.3% -0.4%
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Metro
$109.26 -1.7% -1.9%

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Industrial Property Asking Price Index - Sale Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
$46.48 -2.1% -12.1%

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Retail Property Asking Price Index - Sale Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
$113.68 -1.9% +5.8%
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Metro
$138.15 +2.5% +8.3%

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  Jan 15 vs. 3 mo. prior Y-O-Y
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State
$12.80 +5.9% +5.1%
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Metro
$14.00 +5.3% +4.1%
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County
$14.51 +4.4% +1.6%
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City
$17.23 +12.3% +5.2%

The average asking rental rate per /year for properties in Portland, ME as of Jan 15 was $17.23. This represents an increase of 12.3% compared to the prior 3 months, with an increase of +5.2% year-over-year. County-wide, average rental rates in Portland are +4.4% higher at $14.51 per /year for properties currently for lease.

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Office Property Asking Rent - Lease Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
$12.57 +0.3% +0.2%
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Metro
$13.12 +0.1% +0.4%
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County
$13.37 -0.2% -0.2%
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City
$15.52 -0.4% +1.2%

The average asking rental rate per sq ft/year for Office properties in Portland, ME as of Jan 15 was $15.52. This represents a decrease of -0.4% 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 $13.37 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Jan 15 vs. 3 mo. prior Y-O-Y
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State
$4.91 -5.1% -5.9%
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Metro
$5.28 -1.5% +0.0%
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County
$5.31 -4.3% -1.9%