Portland, ME Commercial Real Estate for Lease and Sale

Explore 133 listings of Portland commercial real estate to find the best space for your business.

Prime Old Port Retail Space

477 Fore Street, Downtown Portland, Portland, ME
Property

Office

177,118 SF
Availability

2 Spaces

2,495 SF
Year Built

1990
For Lease

$30.00/SF/YR
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233 Vaughan St

233 Vaughan St, Westside Portland, Portland, ME
Property

Office

5,444 SF
Year Built

1900
For Sale

$1,550,000
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446 Fore St

446 Fore St, Downtown Portland, Portland, ME
Property

Retail

8,800 SF
Availability

2 Spaces

3,400 SF
Year Built

1900
For Lease

$30.00 - $40.00/SF/YR
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62 India St

62 India St, West Bayside, Portland, ME
Property

Office

61,984 SF
Availability

1 Space

1,616 SF
For Lease

$35.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
95 India St

95 India St, West Bayside, Portland, ME
Property

Office

7,872 SF
Availability

1 Space

5,994 SF
Year Built

1906
For Lease

$20.00/SF/YR
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180 Kennebec St

180 Kennebec St, West Bayside, Portland, ME
Property

Retail

45,297 SF
Availability

1 Space

2,644 SF
For Lease

$25.00/SF/YR
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106 Exchange Street

106 Exchange St, Downtown Portland, Portland, ME
Property

Retail

2,063 SF
For Sale

$365,000
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129 Fox St

129 Fox St, West Bayside, Portland, ME
Property

Other

6,615 SF
Year Built

1979
For Sale

$4,450,000
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332 Forest Ave

332 Forest Ave, Oakdale, Portland, ME
Property

Office

4,000 SF
Availability

2 Spaces

3,952 SF
For Lease

$16.00/SF/YR
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476 Stevens Avenue

476 Stevens Ave, Deering Center, Portland, ME
Property

Retail

4,091 SF
Year Built

1973
For Sale

$1,650,000
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80 Bell Street

80 Bell Street, Riverton, Portland, ME
Property

Industrial

18,623 SF
Availability

1 Space

3,819 SF
For Lease

$13.00/SF/YR
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89 Exchange Street

89 Exchange Street, Downtown Portland, Portland, ME
Property

Retail

1,350 SF
Availability

1 Space

1,350 SF
For Lease Contact for pricing
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178 Kennebec St

178 Kennebec St, West Bayside, Portland, ME
Property

Retail

45,297 SF
Availability

1 Space

2,644 SF
For Lease

$25.00/SF/YR
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947 Congress St

947 Congress St, Valley Street, Portland, ME
Property

Retail

9,094 SF
Year Built

1900
For Sale

$1,400,000
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15 Casco Street
Equality Community Center
15 Casco Street, Portland, ME
Services

Event Space

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

High-speed wifi

Library
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7 Rand Road

7 Rand Road, Nasons Corner, Portland, ME
Property

Industrial

242,965 SF
Availability

2 Spaces

36,000 SF
Year Built

1972
For Lease

$10.00/SF/YR
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75 Pearl Street

75 Pearl Street, Downtown Portland, Portland, ME
Property

Office

6,725 SF
Availability

6 Spaces

5,380 SF
For Lease

$1,150.00 - $3,300.00/MO
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157 Middle Street

157 Middle Street, Downtown Portland, Portland, ME
Property

Retail

48,912 SF
Availability

2 Spaces

5,155 SF
For Lease

$27.95/SF/YR
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40 Free Street

40 Free Street, Downtown Portland, Portland, ME
Property

Retail

6,091 SF
Availability

1 Space

1,551 SF
For Lease Contact for pricing
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160 Presumpscot St

160 Presumpscot St, East Deering, Portland, ME
Property

Office

20,238 SF
Availability

7 Spaces

16,609 SF
For Lease

$15.00 - $20.00/SF/YR
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1 Pleasant St

1 Pleasant St, Downtown Portland, Portland, ME
Property

Office

12,500 SF
Availability

1 Space

1,250 SF
For Lease

$17.00/SF/YR
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80 Pine Tree Industrial Pkwy

80 Pine Tree Industrial Pkwy, Stroudwater, Portland, ME
Property

Industrial

32,065 SF
Year Built

1987
For Sale Contact for pricing
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15 Chestnut St

15 Chestnut St, West Bayside, Portland, ME
Property

Retail

14,358 SF
Year Built

1836
For Sale

$2,985,000
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94 Auburn St

94 Auburn St, North Deering, Portland, ME
Property

Office

22,522 SF
Availability

1 Space

4,651 SF
Year Built

1967
For Lease

$12.00/SF/YR
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1220 Brighton Ave

1220 Brighton Ave, Nasons Corner, Portland, ME
Property

Retail

4,394 SF
Availability

3 Spaces

4,394 SF
For Lease Contact for pricing
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151 Middle Street

151 Middle Street, Downtown Portland, Portland, ME
Property

Retail

54,400 SF
Availability

1 Space

5,796 SF
For Lease

$15.75/SF/YR
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1877 Congress Street

1877 Congress Street, Stroudwater, Portland, ME
Property

VacantLand

4.04 Acre
For Sale

$425,000
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306 Warren Ave

306 Warren Ave, Riverton, Portland, ME
Property

Industrial

15,360 SF
Availability

1 Space

2,000 SF
Year Built

1950
For Lease

$16.00/SF/YR
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1021 Ocean Ave

1021 Ocean Ave, East Deering, Portland, ME
Property

Industrial

11,040 SF
Availability

1 Space

2,000 SF
For Lease

$2,500.00/MO
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Portland commercial real estate market incorporates 3,978,321 square feet of office space across 74 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Portland commercial real estate market includes 1,698,894 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Portland market, there is a total of 674,768 square feet of industrial property.

The listing inventory in Portland incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Portland is represented by Office space, which accounts for 613,789 square feet of available listings. Industrial space available in Portland adds up to 156,831 square feet.

Meanwhile, most of the listings of commercial property for sale in Portland are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Portland is $20.88 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Portland can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $19.13 per square foot, industrial space in Portland saw average rents of $11.27 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Portland, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Portland is in the Downtown Portland neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Portland area.

Meanwhile, retail space opportunities are most abundant in the Downtown Portland submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Riverton.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $70 per square foot. In particular, the property type commanding the highest lease rates in Portland was Retail space.

Conversely, the highest sale price last year was $5,325,000 that is located at 75 Northport Drive.

The average size of a commercial property in Portland depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Portland, the average size of an office property is 56,033 square feet.
Retail properties here incorporate an average of 53,091 square feet.
Industrial space in Portland is in buildings that are, on average 61,343 square feet in size.

Portland, ME Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Portland currently add up to 1,054,452 square feet. The market offers 65 active office listing(s), which amount to 748,512 square feet and account for 60% of commercial spaces on the market. Local retail availability includes 129,509 square feet across 33 retail space(s). Industrial space for rent opportunities in Portland amount to 172,831 square feet across a total of 9 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	65	748,512
Retail	33	129,509
Industrial	9	172,831
Other	1	3,600

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Portland, ME. Currently, there is 320,507 square feet of commercial property for sale here , which includes 6 office building(s) for sale , 8 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	6	35,904
Retail	8	53,397
Industrial	3	145,257
Other	9	85,949

Portland, ME Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Portland, ME?

What factors affect the price of commercial real estate in Portland, ME?

What is the average rent for commercial space in Portland, ME?

What are the best areas for commercial real estate in Portland, ME?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Portland, ME?

Portland, ME Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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