Portland ME’s 2024 Office Market Outlook     By Nate Stevens | Partner, Designated Broker DECEMBER 2023 When the Great Recession hit the office leasing market in 2008-2009, there was an initial sharp increase in the Greater Portland vacancy rates which continued to trend upward over four years until rates started to decline in 2013. Many companies were committed to … Continue reading Portland Maine’s Office Market Outlook 2024

Commercial Real Estate Interest Rates in Maine   By Nate Stevens, Partner, Designated Broker, & Christopher Stephenson, VP of Operations and Marketing at The Boulos Company   Unless you’ve been avoiding economic news for the past 6-12 months, you’re aware that in general, interest rates have been rising aggressively, particularly throughout the second and third quarters of 2022. As we … Continue reading Commercial Real Estate Interest Rates in Maine

Nate Stevens, Partner, Broker When discussing the current and future status of the commercial real estate market, no topic is more heavily debated and difficult to predict than the office market.  With the pandemic-driven rise of working-from-home and subsequent implementation of hybrid work models, it could be months or years before we understand the full effect of this trend on … Continue reading Office Conversion Projects And A Plan to Make Them Affordable

Office Market Overview: 2022 The Greater Portland Office Market has remained resilient over the past couple years, as evidenced in our survey last year. We had all hoped for a return to some normalcy in the office market in 2021, but as the pandemic continues, so does the uncertainty of its impact on office space. Here at The Boulos Company, … Continue reading The Office Market Outlook

It should be no surprise to anyone that the Greater Portland office market was affected by the pandemic in 2020. When The Boulos Company began our annual market survey of 12 million square feet across 350 Class A and Class B office buildings, we didn’t know what to expect.

In this episode, guest-hosting for Greg Boulos is Partner and Broker Nate Stevens, as he sits down with Tom Watson, founder and owner of Port Property Management.

In this episode, guest-host Nate Stevens sits down with Bill Stauffer, Principal of Storrey Industries and Executive Vice President and Co-Founder of Eco-Story…

For the first time in ten years, the Greater Portland office market vacancy rate increased after steadily declining year after year.  The Boulos Company conducted its annual survey of over 12 million square feet in almost 350 Class A and Class B office buildings across seven submarkets. The 2019 overall vacancy rate, including sublease space, increased to 6.66%. While still … Continue reading Office Market Overview