Downtown Office Suite with Natural
For Lease
$15.50 SF/Yr
5 Milk Street, Portland, ME 04101
Modern office space with private offices, open area, and storage, featuring abundant natural light and a street-level entrance.
Space Size4,473 SF
Property Size30,633 SF
Days on Market144
Property Features for 5 Milk Street
General Information
Standard status
Active
Size
4,473 SF
Class
B
Property subtype
Office
Lease Term
NNN
Additional Details
Highway Access
Yes
Amenities
private street-level entrance
Building Details
Building Size
30,633 SF
Year Built
1900
Construction
brick & beam
Spaces For Lease
at 5 Milk Street
5 MIlke Street, 1st Floor
$15.50/SF/Yr
Size
4,473 SF
Type
Office Building
Term
Negotiable
Listing Agency:
The Boulos Company Portland
Listed By:
Samantha Marinko · License #920832
(908) 433-5049
Source:
Boulos
Added: Jun 2
Changed: Oct 6
Last Checked: Oct 23 at 5:37AM
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
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Investment Insights
Based on property information with market context.
This downtown office space offers approximately 4,473± SF of modern workspace within a historic brick and beam building. The interior configuration includes a mix of private offices, an open area, and storage space. The suite also benefits from excellent natural light and a private street-level entrance.
The building is in an “Old Port” area and neighbors a parking garage, with ample street parking in the surrounding area. Easy access to/from the highway is noted in the remarks.
As presented, the space is well suited to an office tenant looking for a combination of enclosed rooms and collaborative/open work areas, supported by dedicated storage within the suite.
The building is in an “Old Port” area and neighbors a parking garage, with ample street parking in the surrounding area. Easy access to/from the highway is noted in the remarks.
As presented, the space is well suited to an office tenant looking for a combination of enclosed rooms and collaborative/open work areas, supported by dedicated storage within the suite.
Key Highlights
- 4,473± SF modern office space in a historic brick and beam building
- Exceptional natural light throughout
- Street‑level private entrance
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.32 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,360
Businesses Nearby
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Business Placement
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
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Market
Lease Benchmarks for Portland, ME
$19 /SF/Yr
Avg Asking Price
$6.41–$38 /SF/Yr
Price Range
3,555 SF
Avg Space Size
This space is priced 18% below the average of $19 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Modern office space with private offices, open area, and storage, featuring abundant natural light and a street-level entrance.
Where is this office unit located?
The property is located at 5 Milk Street Portland, ME.
What is the lease rate?
The lease rate is $15.50 SF/Yr.
What are key features of this property?
This property features: 4,473± SF modern office space in a historic brick and beam building; Exceptional natural light throughout; Street‑level private entrance
