Category: Insights
Back to Business: The Office Market is Reclaiming its Space
October 1, 2024
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
read moreThe Greater Portland Industrial Mid-Year Market Update:
August 29, 2024
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:
read moreMid-Year Analysis: Class A Office Vacancy Rates in Downtown Portland 2024
July 29, 2024
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
read more2024 Lewiston-Auburn Multi-Family Market: Resilient Growth, Statewide Challenges, and Investment Opportunities
June 26, 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
read more2024 Maine’s Capital Market Outlook
February 27, 2024
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
read moreStrategic Office Moves: How The Boulos Company Mastered its Move with Expert Space Planning and Interior Design
January 2, 2024
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
read moreUnderstanding the Differences: ROFO, ROFR, and Purchase Options in Commercial Real Estate
November 29, 2023
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
read moreCoworking in Modern Business: Evolving Trend or Here to Stay
October 31, 2023
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
read moreNavigating the Complexities of Seller Financing in Maine
September 27, 2023
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
read moreSouthern Maine Market Update – Route One Saco Development
August 29, 2023
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
read moreDowntown Portland Class A Office 2023 Mid-Year Update
July 28, 2023
Downtown Portland Class A Office 2023 Mid-Year Update By Samantha Marinko | Associate This time last year, I made reference to “the current stalemate in the market,” referring to the minuscule variance in the vacancy rate for downtown, Class A office buildings in the six months prior. This year, I have a similar report. … Continue reading Downtown Portland Class A Office 2023 Mid-Year Update
read moreThe Economic Landscape of Maine’s Midcoast Region: A Blend of Commerce, Tourism, and Coastal Charm
June 29, 2023
The Economic Landscape of Maine’s Midcoast Region: A Blend of Commerce, Tourism, and Coastal Charm By Roy Donnelly | Associate Maine’s midcoast region, running between Brunswick and Belfast, is one of the older parts of the state, both demographically and structurally. Unlike southern Maine and Lewiston/Auburn through Augusta/Waterville, the midcoast relies on two-lane roads as … Continue reading The Economic Landscape of Maine’s Midcoast Region: A Blend of Commerce, Tourism, and Coastal Charm
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