Understanding Warehouse and Industrial Listing Rents in Portland, ME
In Portland, the average asking rent for industrial space is $11.07 per square foot. However, leasing costs can vary significantly due to various factors, such as location, property size, and quality rating.
For example, properties that are located close to high-capacity transport routes or cargo ports are always in high demand, which generally means higher rents. Similarly, larger warehouse or other industrial facility types can incur higher utilities and maintenance costs, which will ultimately be reflected in higher rents.
Class A or higher means tenants get some of the best quality industrial real estate available on the market and it tends to command the highest rents. It might be newly constructed property, or older industrial buildings that have been improved to meet or exceed modern standards.
Meanwhile, Class B and Class C industrial buildings are generally older real estate that lacks some of the most modern amenities. Rents for Class B and Class C properties tend to be lower than the A tier, but due to age might incur higher upkeep and maintenance costs, which can offset the rent savings.
Breakdown of Industrial Buildings in Portland, ME by Year Built
- Before 1950
11
- 1950 - 2000
60
- After 2000
4
The data was provided by Yardi Research Data and refers to industrial properties larger than 25,000 square feet.
Breakdown of Industrial Space in Portland, ME by Year Built
- Before 1950
1,006,805 Sq.Ft.
- 1950 - 2000
3,535,348 Sq.Ft.
- After 2000
266,212 Sq.Ft.
Property Class
Min. Rental Rate
Max. Rental Rate
Class B Industrial Properties
$10
$10
When weighing the cost-to-quality ratio, consider that several of these factors can work together to balance or offset each other in terms of the final cost to your budget. You can easily reach out to the property listing broker using the contact form available for each listing, to find out more about what each property has to offer.
The Portland, ME Industrial Real Estate Market at a Glance
Industrial real estate in Portland includes a variety of property types, which can suit businesses of different sizes that operate in various industries. The most common types of industrial property anywhere serve either logistics or manufacturing activities and each of them can offer sub-varieties that offer facilities specialized for particular types of handling or storage.
In Portland, the most common industrial property type on the leasing market is Flex - Industrial. Currently, you can find 12 such listing(s) in Portland. Listing sizes for this property type start at 1,780 square feet.
The local market is also home to 7 Warehouse/Distribution listing(s), offering spaces starting at 3,880 square feet.
Use Type
No. of Listings
Total Sq.Ft.
Flex - Industrial
12
93,139
Warehouse/Distribution
7
54,080
Where You Are Most Likely to Find Industrial Listings in Portland, ME
Similarly to office and retail properties, industrial real estate developments tend to be zoned together, for several reasons that have to do with both benefits to the surrounding communities and benefits to the businesses using the space. In Portland, you will find the highest number of industrial space listings in Riverton. Use filters at the top of the page to focus on the space or the property size you need, and navigate the interactive map to identify the best location for your business.
Neighborhood
No. of Listings
Total Listings Sq. Ft.
Riverton
15
N/A
West Bayside
2
N/A
Back Cove
1
N/A
Libbytown
1
N/A
Stroudwater
1
N/A
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1123 Westbrook Street, Stroudwater, Portland, ME
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91 Industrial Way, Riverton, Portland, MESpace Type
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166 Riverside Industrial Parkway, Riverton, Portland, ME
151 Walton St, Riverton, Portland, ME