Our 2025 Greater Portland Office Market Survey is now available.
The office market in 2024 remained relatively stable compared to 2023 in terms of deal volume, total square feet leased, and overall vacancy. However, a steady decline has been evident since pre-pandemic levels. Since 2018:
• Deal volume has decreased by 30%
• Square footage leased has declined by 23%
• Overall vacancy rates have increased from 5.35% to 14.21%