Category: Insights

Retail Sector Takeaways from ICSC New York 2022

December 21, 2022

Retail Sector Takeaways from ICSC New York 2022   By Chris Romano, Associate   Earlier this month, I had the pleasure of attending the latest rendition of ICSC events at the Javits Center in New York City. While concerns over in-person events had hindered the event for the past two years, the East Coast’s premier retail real estate conference was … Continue reading Retail Sector Takeaways from ICSC New York 2022

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Commercial Real Estate Interest Rates in Maine

November 30, 2022

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

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Six Downtown Portsmouth Development Projects: Where Are They Now?

November 1, 2022

Six Downtown Portsmouth Development Projects: Where Are They Now?   By Katherine Gemmecke, Associate    As we gear up for the release of our 2023 Market Outlook, we thought it would be interesting to take a deeper look at several downtown Portsmouth development projects. Some of these projects have been in the works since as early as 2018, while others … Continue reading Six Downtown Portsmouth Development Projects: Where Are They Now?

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Skyline of Portland, Maine showcasing Commercial Real Estate buildings and office spaces

Boulos Expands Bench and Awards Mid-Year MVP

October 31, 2022

Portland, Maine, November 1, 2022: The Boulos Company is expanding. In the past three months, the Portland office welcomed Sarah Grillo and Reese McFarlane, and Nick DeNisco is the latest to join the Manchester team. Portsmouth office manager, Lisa Kurdt, has been with Boulos since 2000. Over the past year, the pace of business in Boulos’ New Hampshire markets increased … Continue reading Boulos Expands Bench and Awards Mid-Year MVP

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Leadership Evolution at Boulos Lands Estes, Stevens, and Sigfridson in New Roles

September 29, 2022

                    Portland, Maine, September 29, 2022: Jessica Estes of The Boulos Company will take the helm as President starting October 1, 2022. After a successful, decade-long run as Managing Director, Drew Sigfridson, SIOR is stepping down from his role of Managing Director in the Portland office. Under Sigfridson’s leadership, Boulos grew … Continue reading Leadership Evolution at Boulos Lands Estes, Stevens, and Sigfridson in New Roles

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Downtown Portland

Maine Capital Markets 2022 Mid-Year Update

August 31, 2022

Capital Markets 2022 Mid-Year Update By Chris Paszyc, CCIM, SIOR – Partner, Broker Here at The Boulos Company, and in Maine in general for the first half of 2022, investment sale volume has TRIPLED when compared to the first half of 2021!  While we like to think we’re unique here in Maine, these phenomenal results mirror a national trend.  However, … Continue reading Maine Capital Markets 2022 Mid-Year Update

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Construction Costs and the Impact on the Commercial Real Estate Market

July 11, 2022

Caitlin Burke, Senior Associate It is no secret that new construction in today’s market is more costly than it has been in recent memory. According to a report released in February 2022 from the US Census Bureau, construction costs went up by 17.5% from 2020 to 2021. It reported that it is the largest spike in this data from year … Continue reading Construction Costs and the Impact on the Commercial Real Estate Market

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Downtown Portland Class A Office 2022 Mid-Year Update

June 28, 2022

Downtown Portland Class-A Office Update By Samantha Marinko, Associate In January of each year, we publish a report which provides an overview of the commercial real estate market in Maine. We highlight significant projects and trends and conduct a comprehensive analysis of the vacancy rates of office buildings, with a particular focus on the 25 Class A office buildings in … Continue reading Downtown Portland Class A Office 2022 Mid-Year Update

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45 Forest Ave Office Conversion Project

Office Conversion Projects And A Plan to Make Them Affordable

May 31, 2022

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

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2 Howe Drive

Build It and They Will Come

April 8, 2022

Roger Dieker, Partner “Build it and they will come.”  The line made famous by Kevin Costner’s 1989 classic film, Field of Dreams, is finding new relevance in the post pandemic commercial real estate world.  The demand for industrial warehouse space is driving rents 40% higher in 2022 than the 2019 pre-pandemic rates.  As a result of the sustained imbalance between … Continue reading Build It and They Will Come

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A Message from Drew Sigfridson | 2022 Maine Commercial Real Estate Market Outlook

A Message from our Managing Director

January 13, 2022

2021:  A Pivotal Year Drew Sigfridson, SIOR, Managing Director Originally featured in our 2022 Greater Portland Market Outlook. What will 2021 be remembered for? COVID-19 and the Delta variant? Masks vs. no masks?  Vaccine or no vaccine? Record fast distribution of vaccines for those who wanted it? The year that the validity of our elections was questioned? The U.S. Capitol stormed? … Continue reading A Message from our Managing Director

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Portland Maine Office Market Overview | 2022 Maine Commercial Real Estate Market Outlook

The Office Market Outlook

January 13, 2022

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

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