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

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$45,222.21 +1.0% +6.2%

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Office Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$92.85 -1.4% +2.8%
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Metro
$112.41 +0.8% +3.6%

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Industrial Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$48.41 -5.8% -11.5%

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Retail Property Asking Price Index - Sale Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$115.58 +5.7% +19.8%
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Metro
$132.90 +4.1% +12.1%

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  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$12.12 +0.9% -3.4%
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Metro
$13.38 +0.2% -2.8%
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County
$14.09 -0.3% -1.2%
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City
$15.72 -1.6% -7.1%

The average asking rental rate per /year for properties in Portland, ME as of Aug 14 was $15.72. This represents a decrease of -1.6% compared to the prior 3 months, with a decrease of -7.1% year-over-year. County-wide, average rental rates in Portland are -0.3% lower at $14.09 per /year for properties currently for lease.

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Office Property Asking Rent - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$12.49 +0.5% -0.3%
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Metro
$13.04 +0.4% +0.6%
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County
$13.37 +0.8% 0.0%
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City
$15.56 +2.3% +2.3%

The average asking rental rate per sq ft/year for Office properties in Portland, ME as of Aug 14 was $15.56. This represents an increase of 2.3% compared to the prior 3 months, with an increase of +2.3% year-over-year. County-wide, average rental rates in Portland are +0.8% higher at $13.37 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Aug 14 vs. 3 mo. prior Y-O-Y
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State
$5.22 -0.9% +0.6%
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Metro
$5.41 -2.2% +3.3%
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County
$5.64 -1.8% +5.7%