2023 Office Space Rent & Sales
- $31.07 2023 Avg. Asking Rent
- 13.21% 2023 Office Vacancy Rate
Portsmouth office price per square foot in 2023 was $31.07 on average. The local office market recorded an average vacancy rate of 13.21% 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
- New Hampshire Class A & A+ Office Space$34.82
- New Hampshire Class B Office Space$26.83
- New Hampshire Class C Office Space$27.88
Portsmouth, NH Office Asking Rents by Class
Office Spaces for Rent in New Hampshire
Coworking Spaces in New Hampshire
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2023 Office Construction in Portsmouth, NH
| Office building | Address | SF | Completed |
|---|---|---|---|
| 145 Portsmouth Ave. | 145 Maplewood Ave, 03801 | 73,731 | 2020 |
| 111 New Hampshire Avenue | 111 New Hampshire Avenue, 03801 | 74,134 | 2007 |
| Fully Leased Office Condo in Griffin Park | 200 Griffin Rd, 03801 | 2,870 | 2004 |
| 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 |
| 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 |
| 215 Commerce Way | 215 Commerce Way, 03801 | 40,000 | 1990 |
| Portsmouth Office Park - 210 Commerce Way | 210 Commerce Way, 03811 | 50,400 | 1989 |
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 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 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.