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Office Units Near City Hall
For Lease
$18.50 SF/Yr

120 Exchange Street, Portland, ME 04101

Office units occupy a 1900 building in Portland’s business district beside City Hall.

Space Size3,811 SF
Property Size126,435 SF
Days on Market9

Property Features for 120 Exchange Street

General Information

Standard status Active
Size 3,811 SF
Class A
Property subtype Office
Lease Term plus utilities

Additional Details

Space Use Office

Building Details

Building Size 126,435 SF
Year Built 1900

Spaces For Lease

at 120 Exchange Street Contact us

2nd Floor - Suite 240 $18.50/SF/Yr

Size
3,811 SF
Type
Office Building
Term
Negotiable
Contact us
Listing Agency: The Boulos Company
Listed By: Drew Sigfridson, SIOR
Source: Boulos
Added: Aug 25 Changed: Aug 31 Last Checked: Sep 1 at 5:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company

Investment Insights

Based on property information with market context.

Office units are available in a building constructed in 1900 at 120 Exchange Street in Portland, Maine. The property sits within the city’s business district and offers a downtown office setting adjacent to Portland City Hall.

The building is positioned along Exchange Street and is bordered by Congress, Temple, Exchange, and Federal Streets. Its central Portland setting places the office space within an established civic and commercial area.

Key Highlights

  • Office units in a building constructed in 1900
  • Adjacent to Portland City Hall
  • Located in Portland’s business district

Property Analytics

Current Use

Ski Maine Association Charitable Organization Portland Ovations Theater & Performing Art Venue FABCO Industries, Inc. Industrial Manufacturer Landry & Associates Accounting Firm

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Building Supply HVAC Service Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.78 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,357
Businesses Nearby

Demographics for 04101, ME

18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value

Market

Lease Benchmarks for Portland, ME

$18.41 /SF/Yr
Avg Asking Price
$12–$28 /SF/Yr
Price Range
4,609 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office units occupy a 1900 building in Portland’s business district beside City Hall.
Where is this office units located?
The property is located at 120 Exchange Street Portland, ME.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: Office units in a building constructed in 1900; Adjacent to Portland City Hall; Located in Portland’s business district
More about this property
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