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New Waterfront Retail/Office Building
For Lease
$20 SF/Yr

266 Commercial St, Portland, ME 04101

New construction retail and office space on Portland's waterfront.

Space Size3,693 SF - 6,689 SF
Property Size22,051 SF
Days on Market286

Property Features for 266 Commercial St

General Information

Standard status Active
Size 3,693 SF - 6,689 SF
Property subtype Office
Lease Term NNN

Building Details

Building Size 22,051 SF

Spaces For Lease

at 266 Commercial St Contact us

1st Floor Retail/Office $20 – $22/SF/Yr

Size
6,689 SF
Term
Negotiable
Contact us

2nd Floor Office $20 – $22/SF/Yr

Size
3,693 SF
Term
Negotiable
Contact us

2nd Floor Office $20 – $22/SF/Yr

Size
3,988 SF
Term
Negotiable
Contact us

3rd Floor Office $20 – $22/SF/Yr

Size
3,693 SF
Term
Negotiable
Contact us

3rd Floor Office $20 – $22/SF/Yr

Size
3,988 SF
Term
Negotiable
Contact us
Listing Agency: The Boulos Company Portland
Listed By: Derek Miller · License #918125
Source: Boulos
Added: Nov 23, 2025 Changed: Sep 4 Last Checked: Sep 5 at 7:08AM

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 Portland

Investment Insights

Based on property information with market context.

A new three-story building is under construction on Portland's waterfront, offering a total of 22,051 square feet of retail and office space. The first floor provides 6,689 square feet of marine retail and office space, while the second and third floors each offer 7,681 square feet of office space. Full or half-floor configurations are available. The space will be delivered as a vanilla shell. The location has a walk score of 93. The space is expected to be available 9-12 months from lease execution.

Key Highlights

  • New construction retail/office building on Portland's Waterfront.
  • Excellent location with an impressive walk score of 93.
  • Flexible space configurations: full or half floors available.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith HVAC Service Carpet & Flooring Store Daycare Center

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
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,012
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

This space is priced 9% above the average of $18.41 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - New construction retail and office space on Portland's waterfront.
Where is this office units located?
The property is located at 266 Commercial St Portland, ME.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: New construction retail/office building on Portland's Waterfront.; Excellent location with an impressive walk score of 93.; Flexible space configurations: full or half floors available.
More about this property
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