Retail Business for Lease in Portland, ME

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Portland, ME 04101
  • Size: 7,587 SF

Description

Situated at the cultural and economic center of Maine’s largest city. Old Port Square is in the heart of Portland, Maine. One of the top cities in the country, Portland is a vibrant, walkable coastal city with a thriving culinary culture and year-round tourism, driving consistent foot traffic across Old Port Square and the larger Old Port neighborhood.

Market Context

This retail in Portland, ME is listed for lease across 7,587 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 7,587 SF: $26,479

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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