Portland, Maine Industrial Properties

Market Comparative Analysis

Comprehensive overview of 13 industrial properties available for lease - May 2025

Market Overview

Total Properties

13

Industrial properties for lease

Size Range

715 - 70,132 SF

From small flex units to large warehouses

Average Lease Rate

~$14.29/SF/YR

For properties with disclosed pricing

Size Distribution Analysis

Large Properties

3

Over 20,000 SF

Medium Properties

4

5,000 - 20,000 SF

Small Properties

6

Under 5,000 SF

The Portland industrial market offers diverse options from small units suitable for startups to large warehouses for distribution operations.

Lease Rate Analysis

Lease Type Rate Range Properties
NNN (Triple Net) $9.95 - $14/SF/YR 4 Properties
Standard SF/YR $10.50 - $21/SF/YR 4 Properties
Monthly Rate $2,500/Month 1 Property
Contact Broker Undisclosed 4 Properties

Most properties feature Triple Net (NNN) leases, where tenants pay for taxes, insurance, and maintenance in addition to base rent.

Industrial Properties for Lease

765 Warren Ave

765 Warren Ave

High Confidence

Available Space

70,132 SF

Lease Rate

$9.95 SF/YR (NNN)

Description

High Bay Distribution Warehouse with Five (5) docks. Industrial/warehouse building built in 1988.

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91 Industrial Way

91 Industrial Way

High Confidence

Available Space

35,200 SF (5 spaces: 4,000-17,600 SF units)

Lease Rate

Undisclosed (NNN)

Description

Industrial units with 20' clear ceiling heights, one loading dock and one drive-in door per unit. I-95 visibility.

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7 Rand Road

7 Rand Road

High Confidence

Available Space

22,000 SF

Lease Rate

Contact for pricing (NNN)

Description

Recently renovated industrial/office space, highly accessible Portland location less than 1 mile from I-95.

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1021 Ocean Ave

1021 Ocean Ave

High Confidence

Available Space

2,000 SF

Lease Rate

$2,500 /Month

Description

Flex space in Portland. Conveniently located at the intersection of Presumpscot Street and Ocean Avenue.

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80 Bell Street

80 Bell Street

High Confidence

Available Space

2,024 SF & 715 SF (2 units)

Lease Rate

Contact for pricing (NNN)

Description

Industrial Flex and Office Flex Units suitable for a wide range of users. Located in the heart of Portland.

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55 Warren Ave

55 Warren Ave

High Confidence

Available Space

19,000 SF

Lease Rate

Contact for pricing (Contact broker)

Description

Prime Warren Avenue retail/showroom/warehouse space.

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144 Fore St

144 Fore St

High Confidence

Available Space

1,560 - 4,823 SF (2 spaces)

Lease Rate

$21 SF/YR

Description

Retail/warehouse spaces in Portland's Eastern Waterfront. Two spaces available in this waterfront property.

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176 Riverside Industrial Parkway

176 Riverside Industrial Parkway

High Confidence

Available Space

6,090 SF

Lease Rate

Contact for pricing (NNN)

Description

Stand alone, clear-span industrial/flex building on 1± acre of land. Featuring two (2) 14' x 12' overhead doors.

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1 Industrial Way

1 Industrial Way

High Confidence

Available Space

21,000 SF (23,077 SF total building)

Lease Rate

Undisclosed (Contact broker)

Description

Industrial building on 1.74 acres, built in 1987, zoned IMB.

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33 Bishop Street

33 Bishop Street

High Confidence

Available Space

8,700 SF

Lease Rate

$10.50 SF/YR

Description

Warehouse space in excellent Portland location. This property offers flexible warehouse/industrial space.

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655 Riverside St

655 Riverside St

High Confidence

Available Space

2,800 SF

Lease Rate

$14 SF/YR

Description

Single tenant industrial space.

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375 Riverside St

375 Riverside St

High Confidence

Available Space

3,050 - 26,285 SF (8 spaces)

Lease Rate

$16 - $19 SF/YR

Description

Retail/industrial mixed-use property with multiple spaces available. Located near Exit 48 of I-95 and Westbrook's Rock Row.

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415 Cumberland Ave

415 Cumberland Ave

High Confidence

Available Space

1,130 - 2,450 SF

Lease Rate

Contact for pricing (Contact broker)

Description

Office/Retail Space with industrial flex capabilities in a convenient downtown location.

View Listing

Business Recommendations

For Warehouse/Distribution

  • •

    765 Warren Ave (70,132 SF) - Best for large distribution with 5 docks at competitive $9.95/SF/YR

  • •

    7 Rand Road (22,000 SF) - Good I-95 access for regional distribution

  • •

    91 Industrial Way - Multiple bay options with 20' clear heights

For Manufacturing

  • •

    1 Industrial Way (21,000 SF) - Standalone building on 1.74 acres

  • •

    176 Riverside (6,090 SF) - Clear-span building with overhead doors

  • •

    33 Bishop Street (8,700 SF) - Flexible warehouse/industrial space

For Small Businesses/Startups

  • •

    80 Bell Street - Units as small as 715 SF

  • •

    1021 Ocean Ave (2,000 SF) - Monthly rate structure

  • •

    415 Cumberland Ave - Downtown location with small units

Location Advantages

Riverside Corridor

The Riverside area (655 Riverside, 375 Riverside, 176 Riverside) offers good highway access and varied space types from small units to larger facilities. This area provides a balance of accessibility and affordability.

Downtown/Waterfront

Properties like 144 Fore St and 415 Cumberland Ave offer premium locations with urban amenities and potential customer traffic, ideal for businesses requiring a central location or waterfront setting.

Market Insights & Conclusion

Key Market Findings

Conclusion

Portland, Maine offers a diverse industrial real estate market with options suitable for various business types and sizes. The availability of properties ranging from small flex spaces to large distribution facilities provides opportunities for businesses at different stages of growth.

The market presents competitive lease rates, strategic locations with good transportation access, and a variety of building configurations to meet different operational needs. While some premium locations command higher rates, there are affordable options throughout the market area for cost-conscious tenants.