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

  Sep 14 vs. 3 mo. prior Y-O-Y
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State
$46,560.84 +7.9% +9.6%

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Office Property Asking Price Index - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
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State
$93.06 -0.3% +0.6%
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Metro
$113.23 +1.2% +2.1%

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Industrial Property Asking Price Index - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
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State
$47.52 -5.4% -11.7%

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Retail Property Asking Price Index - Sale Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
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State
$114.90 +1.7% +16.9%
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Metro
$133.21 +1.3% +10.9%

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  Sep 14 vs. 3 mo. prior Y-O-Y
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State
$12.15 +0.1% -3.1%
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Metro
$13.40 -0.4% -2.7%
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County
$14.10 -0.7% -1.2%
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City
$15.68 -1.8% -6.5%

The average asking rental rate per /year for properties in Portland, ME as of Sep 14 was $15.68. This represents a decrease of -1.8% compared to the prior 3 months, with a decrease of -6.5% year-over-year. County-wide, average rental rates in Portland are -0.7% lower at $14.10 per /year for properties currently for lease.

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Office Property Asking Rent - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
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State
$12.49 +0.3% -0.3%
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Metro
$13.04 +0.4% +0.6%
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County
$13.36 +0.6% -0.2%
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City
$15.51 +1.7% +1.4%

The average asking rental rate per sq ft/year for Office properties in Portland, ME as of Sep 14 was $15.51. This represents an increase of 1.7% compared to the prior 3 months, with an increase of +1.4% year-over-year. County-wide, average rental rates in Portland are +0.6% higher at $13.36 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Sep 14 vs. 3 mo. prior Y-O-Y
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State
$5.23 -0.8% +0.7%
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Metro
$5.43 -1.3% +4.1%
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County
$5.69 -0.8% +6.9%