2024 Office Space Rent & Sales
- $24.66 2024 Avg. Asking Rent
- 14.91% 2024 Office Vacancy Rate
Portsmouth office price per square foot in 2024 was $24.66 on average. The local office market recorded an average vacancy rate of 14.91% 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
2024 Average Office Rent per Square Foot
- New Hampshire Class A & A+ Office Space$30.27
- New Hampshire Class B Office Space$23.51
- New Hampshire Class C Office Space$15.98
Portsmouth, NH Office Asking Rents by Class
Office Spaces for Rent in New Hampshire
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2024 Office Construction in Portsmouth, NH
| Office building | Address | SF | Completed |
|---|---|---|---|
| 145 Portsmouth Ave. | 145 Maplewood Ave, 03801 | 73,731 | 2020 |
| 183 International Drive | 183 International Drive, 03801 | 57,682 | 2013 |
| 12 Portwalk Place | 12 Portwalk Place, 03801 | 2,325 | 2010 |
| 111 New Hampshire Avenue | 111 New Hampshire Avenue, 03801 | 74,134 | 2007 |
| 130 International Drive | 130 International Drive, 03801 | 50,687 | 2002 |
| Pease International Tradeport | 325 Corporate Drive, 03801 | 100,928 | 2001 |
| 273 Corporate Drive | 273 Corporate Drive, 03801 | 100,000 | 2001 |
| 100 Market Street | 100 Market Street, 03801 | 57,455 | 1999 |
| Portsmouth Office Park - 230 Commerce Way | 230 Commerce Way, 03801 | 50,400 | 1997 |
| Portsmouth Office Park - 135 Commerce Way | 135 Commerce Way, 03801 | 57,600 | 1990 |
Worth noting among recent office completions on the Portsmouth market is 145 Portsmouth Ave., which is currently the largest new office development in the city, at 73,731 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Portsmouth 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.