10 Ways to Celebrate the Holidays in Maine       By The Boulos Company Team       Snow has started to fall, the clearest signal that the holiday season is upon us. As deep-rooted Mainers, The Boulos Company team has visited just about every festive market, celebration, and experience our wonderful region offers. We’ve combined our years of … Continue reading 10 Ways to Celebrate the Holidays in Maine

Dining in Transition: The Future of Portland’s Restaurant Scene       By Derek Miller | Partner, Broker         Portland’s restaurant industry has recently made headlines, though unfortunately for all the wrong reasons. A wave of restaurant closures has drawn attention from media outlets across Maine, with the Portland Press Herald, MaineBiz, and Maine Public all recently … Continue reading Dining in Transition: The Future of Portland’s Restaurant Scene

Back to Business: The Office Market is Reclaiming its Space       By Nate Stevens | Managing Partner, Designated Broker         One thing I love about walking through downtown Portland on any given day is that I regularly run into people I know from various parts of my life. Sometimes it’s just a wave, sometimes they … Continue reading Back to Business: The Office Market is Reclaiming its Space

The Greater Portland Industrial Mid-Year Market Update:       By Nate Roop | Associate         The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease … Continue reading The Greater Portland Industrial Mid-Year Market Update:

Mid-Year Analysis: Class A Office Vacancy Rates in Downtown Portland 2024       By Samantha Marinko | Associate         Each summer, I take a magnifying glass to the Class A office market to see how the vacancy rate in downtown Portland is shaping up. Last year, I referred to the change from January to July as … Continue reading Mid-Year Analysis: Class A Office Vacancy Rates in Downtown Portland 2024

2024 Lewiston-Auburn Multi-Family Market: Resilient Growth, Statewide Challenges, and Investment Opportunities       By Noah Stebbins | Broker       Although interest rates, seller pricing expectations, and construction costs have impacted the commercial real estate market statewide, Lewiston-Auburn’s multi-family market has proven to be resilient throughout the first half of 2024. The Lewiston-Auburn rental market has strong fundamentals, … Continue reading 2024 Lewiston-Auburn Multi-Family Market: Resilient Growth, Statewide Challenges, and Investment Opportunities

2024 Maine’s Capital Market Outlook     By Chris Paszyc, CCIM, SIOR | Partner, Broker       In 2024, despite all current indications of a successful Fed-piloted “soft landing” we predict the commercial real estate investment volume to fall year-overyear, continuing the downtrend that started in 2022. However, the State of Maine will out perform the national averages and … Continue reading 2024 Maine’s Capital Market Outlook

Strategic Office Moves: How The Boulos Company Mastered its Move with Expert Space Planning and Interior Design     By Sasha Phillips | Associate       Today marks 41 days since The Boulos Company officially moved into its gorgeous new office space at One Portland Square. We could not be happier! And I would like to think we have … Continue reading Strategic Office Moves: How The Boulos Company Mastered its Move with Expert Space Planning and Interior Design

Understanding the Differences: ROFO, ROFR, and Purchase Options in CRE     By Tony McDonald, CCIM, SIOR | Partner, Broker   Right of First Offer (ROFO), Right of First Refusal (ROFR), and Purchase Option are legal mechanisms commonly used in real estate and other contractual agreements to grant certain rights to parties involved. These rights can significantly affect the transfer … Continue reading Understanding the Differences: ROFO, ROFR, and Purchase Options in Commercial Real Estate

Coworking in Modern Business: Evolving Trend or Here to Stay       By Cameron Foster | Associate Broker   Merriam-Webster defines coworking as the practice of working within a shared building, where multiple tenants rent working spaces such as desks or offices and enjoy access to communal facilities. According to Google, the first coworking space started in 1995 in … Continue reading Coworking in Modern Business: Evolving Trend or Here to Stay

Navigating the Complexities of Seller Financing in Maine       By Jessica Estes | President   Today’s interest rates, underwriting standards, and financing timelines can often be an obstacle in closing a real estate transaction. Once the buyer and seller agree on the price and terms for the real estate sale, the broker usually introduces the buyer to commercial … Continue reading Navigating the Complexities of Seller Financing in Maine

Southern Maine Market Update – Route One Saco Development       By Joe Italiaander | Associate Broker       It’s no surprise that it’s been another busy year thus far in Southern Maine, particularly on the Route 1 corridor in Saco. The long-awaited development at 507 Main Street has finally kicked into high gear, with both Chipotle and … Continue reading Southern Maine Market Update – Route One Saco Development