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

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$43,165.50 -9.8% +5.2%

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Office Property Asking Price Index - Sale Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$93.30 -1.2% +6.2%
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Metro
$111.90 +1.0% +6.3%

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Industrial Property Asking Price Index - Sale Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$50.23 -2.9% -6.8%

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Retail Property Asking Price Index - Sale Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$112.99 +4.8% +15.2%
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Metro
$131.49 +2.8% +8.0%

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  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$12.14 +0.3% -3.6%
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Metro
$13.45 +0.1% -1.1%
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County
$14.19 -0.6% +1.7%
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City
$15.97 -0.8% -2.8%

The average asking rental rate per /year for properties in Portland, ME as of Jun 14 was $15.97. This represents a decrease of -0.8% compared to the prior 3 months, with a decrease of -2.8% year-over-year. County-wide, average rental rates in Portland are -0.6% lower at $14.19 per /year for properties currently for lease.

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Office Property Asking Rent - Lease Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$12.45 -0.8% +0.7%
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Metro
$12.99 -0.8% +1.5%
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County
$13.29 -0.8% +0.3%
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City
$15.25 -0.6% +2.3%

The average asking rental rate per sq ft/year for Office properties in Portland, ME as of Jun 14 was $15.25. This represents a decrease of -0.6% 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% lower at $13.29 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Jun 14 vs. 3 mo. prior Y-O-Y
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State
$5.28 +0.5% +1.2%
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Metro
$5.50 +1.4% +4.2%
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County
$5.73 +2.3% +6.2%