Retail Business for Lease in Portland, ME

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Portland, ME 04101
  • Size: 9,695 SF

Description

Built in 1866, 377 Fore Street, known as the Mary L. Deering Block I, is a historic Italianate building. The property currently offers a mix of retail, food and beverage, and Class B office space in the heart of the Old Port.

Market Context

This retail in Portland, ME is listed for lease across 9,695 SF. It has been on the market for 6 days. Compare it against other retail listings for lease in Portland, ME — <a href="/search/lease/retail/maine/portland">view the full market</a>.

As of Q1 2026, the Portland retail market showed a 10.0% vacancy rate, average asking rents near $45.00/SF/yr, rents up 16.0% year over year, and cap rates around 6.4%. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Portland?
About 6.4% as of Q1 2026, per Consensus.
Is the Portland retail market tightening or softening?
Vacancy is around 10.0%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Very Low Confidence

$2.97/SF/mo – $4.01/SF/mo

Mid: $3.49/SF/mo

Total estimate for 9,695 SF: $33,836

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market las-vegas (similarity: 100%) with 5 comparable listings.

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