Samantha Marinko, Associate In January, The Boulos Company released the 2021 Annual Market Outlook, which gives an overview of Maine’s commercial real estate market. The numbers spoke and the effect of the pandemic was evident, particularly when considering the vacancy rate in Class A office buildings in downtown Portland. However, the last six months suggest that the winds may … Continue reading Mid-Year Update: Downtown Class A Office Space

The Boulos Company has released Maine’s COVID Office Impact Survey entitled: “Where’s Maine Working?” – The Boulos Company interviewed over 160 Maine professionals to determine how many companies are working from home, how productive they feel, and when they’re headed back to the office.

Boulos conducted the survey to provide Maine’s business community with insight into how their peers have responded to the pandemic and to share critical information as they move forward in an unprecedented real estate market.

COVID-19 has had an enormous impact on the way each of us work and live and an attendant effect on the office market. Landlords and tenants have been forced to navigate these uncertainties as best they can. In this article, we note some of the best practices for officing during the pandemic, review the market situation, and look at emerging trends that may guide the year ahead.

The Boulos Company has released its “Where’s New Hampshire Working?” survey which explores the impact of COVID-19 on the commercial office market. The survey, conducted December 2020 through February 2021 provides a snapshot of the local response to the pandemic. More than 60 New Hampshire professionals from a range of industries answered questions about working from home, productivity, office reentry plans, and more.

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 the face of the COVID-19 pandemic, businesses are eager to have their employees return to the workplace. Understanding and determining who will return—and when—will be a complex process. These are some areas to consider. We encourage you to take what is applicable to your company and to reach out to our team at The Boulos Company if you have any questions as you review the information.

The Boulos Company has been on the frontlines of commercial real estate since 1975. We have been helping businesses to make smart real estate decisions ever since then. In the wake of COVID-19, we have developed a step-by-step approach to help businesses to understand the effect of COVID-19 on their space, to get the most out of their staff, and to spend their money effectively. In our recent COVID Office Impact Survey, we asked 150+ professionals in Maine what their plan was to re-enter the workplace. Of the responses we received, far too many indicated “I don’t know.” This pushed our team to shed light on this topic. In doing so, we aim to arm tenants, owners, and landlords with the information necessary to plan for the road ahead. Below are a few steps we would take to help you make a plan for your business.

The Mills Administration announced today that Maine will move into Stage 4 of the Plan to Restart Maine’s Economy beginning Tuesday, October 13, 2020.

Reopening Maine’s economy requires all of us to do our part in moving forward together by following guidelines from the Maine Center for Disease Control (CDC) and the Maine Department of Economic & Community Development (DECD).

As the number of COVID-19 cases begins to decrease, the State of Maine is adopting a staged approach, supported by science, public health expertise and industry collaboration, to allow Maine businesses to safely open when the time is right.

The Boulos Company is working hard to ensure the safety of its brokers, employees, clients and members of the general public while still hosting in-person meetings and showings. To that end, we have established the following protocols for conducting meetings and showings.

  By: Kent White, Principal Broker | Partner Over the past 25 years, I have grown accustomed to having a schedule. I wake up at 4:45 am, go to the gym, have breakfast with the kids, and then leave for the office. It’s a routine that I enjoy and appreciate now more than ever. Currently, the gym is closed, the … Continue reading A Candid Reflection of COVID-19’s Impact on Commercial Real Estate