PORTLAND (AP) — The public fish auction on the Portland waterfront is renting out a third of its space to a local seafood processor as it aims to downsize and generate more revenue.

The city-owned Portland Fish Exchange announced Tuesday that it has entered into 10-year lease with Cozy Harbor Seafood. Cozy Harbor will occupy 11,000 square feet of the exchange’s building and pay $1.1 million over the course of the rental agreement.

The space has become available as fewer boats have brought less fish to the auction in recent years. At its peak, the facility handled 30 million pounds of fish a year. That figure has dropped to under 10 million pounds.