Portland, ME Market TrendsBETA

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

  Mar 14 vs. 3 mo. prior Y-O-Y
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State
$47,861.87 +8.4% -2.7%

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Office Property Asking Price Index - Sale Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
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State
$94.44 +1.6% +8.4%
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Metro
$110.82 -1.2% +6.3%

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Industrial Property Asking Price Index - Sale Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
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State
$51.72 -1.9% -4.9%

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Retail Property Asking Price Index - Sale Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
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State
$107.86 +3.1% +7.0%
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Metro
$127.96 +1.0% -1.0%

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  Mar 14 vs. 3 mo. prior Y-O-Y
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State
$12.11 -0.6% -3.1%
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Metro
$13.44 -0.3% -0.8%
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County
$14.28 0.0% +3.8%
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City
$16.10 -2.2% -0.3%

The average asking rental rate per /year for properties in Portland, ME as of Mar 14 was $16.10. This represents a decrease of -2.2% compared to the prior 3 months, with a decrease of -0.3% year-over-year. County-wide, average rental rates in Portland are 0.0% lower at $14.28 per /year for properties currently for lease.

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Office Property Asking Rent - Lease Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
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State
$12.56 +0.2% +3.0%
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Metro
$13.10 +0.2% +4.3%
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County
$13.39 0.0% +3.4%
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City
$15.34 +0.0% +6.5%

The average asking rental rate per sq ft/year for Office properties in Portland, ME as of Mar 14 was $15.34. This represents an increase of 0.0% compared to the prior 3 months, with an increase of +6.5% year-over-year. County-wide, average rental rates in Portland are 0.0% lower at $13.39 per sq ft/year for Office properties currently for lease.

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Industrial Property Asking Rent - Lease Trends

  Mar 14 vs. 3 mo. prior Y-O-Y
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State
$5.25 +0.0% +1.2%
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Metro
$5.43 +2.9% +3.5%
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County
$5.61 +3.7% +4.4%