2023 Office Space Rent & Sales
- $19.87 2023 Avg. Asking Rent
- 31.82% 2023 Office Vacancy Rate
South Portland office price per square foot in 2023 was $19.87 on average. The local office market recorded an average vacancy rate of 31.82% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Maine Class A & A+ Office Space$10.99
- Maine Class B Office Space$19.45
- Maine Class C Office Space$17.94
South Portland, ME Office Asking Rents by Class
Office Spaces for Rent in Maine
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Office Space - Suite 2 | 50 Donald B. Dean Drive, 04106 | 10,200 | 2005 |
| 179 John Roberts Rd | 179 John Roberts Rd, 04106 | 58,995 | 2003 |
| 324 Cummings Rd | 324 Cummings Rd, 04106 | 5,346 | 2002 |
| 100 Gannett Drive | 100 Gannett Drive, 04106 | 25,351 | 2000 |
| Class A Office Space | 707 Sable Oaks Dr, 04106 | 66,000 | 1992 |
| Sable Oaks Office Park - 707 Sable Oaks Drive | 707 Sable Oaks Drive, 04106 | 65,300 | 1992 |
| 9 Donald B Dean Dr | 9 Donald B Dean Dr, 04106 | 10,000 | 1992 |
| 2 Gannett Drive | 2 Gannett Drive, 04106 | 217,672 | 1991 |
| SouthBorough Office Park - 600 SouthBorough Drive | 600 Southborough Drive, 04106 | 33,000 | 1989 |
| Class A Office Space | 778 Main Street, 04106 | 28,175 | 1988 |
Worth noting among recent office completions on the South Portland market is Office Space - Suite 2, which is currently the largest new office development in the city, at 10,200 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all South Portland commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.