The Staying Power of Downtown Retail in Maine       By Samantha Marinko | Broker       E-commerce’s convenience factors will always shape modern shopping, but the health of Maine’s downtown retail markets also proves that in-person experiences, community ties, and a local hook remain invaluable assets. According to the Maine Department of Economic and Community Development, “Maine’s … Continue reading The Staying Power of Downtown Retail in Maine

2025 Capital Markets Outlook       By Chris Paszyc, CCIM, SIOR | Managing Partner, Broker          Maine’s 2024 capital markets volume experienced significant head winds, which reflected the sector’s national trends. However, a handful of noteworthy investment transactions did occur. Multifamily, hospitality and industrial properties dominated the largest sales, ranging from below $1 million to nearly … Continue reading 2025 Capital Markets Outlook

2025 Office Market Outlook       By: Nate Stevens, Managing Partner, Designated Broker       The Greater Portland office market began 2025 with an increase in vacancy rates compared to the previous year. Direct vacancy rates across the entire market rose from 7% to 8.15%, which is the highest since 2013. Over the past several years, it became … Continue reading 2025 Office Market Outlook

Maine’s Midcoast Market Update        By Roy Donnelly | Associate Broker         Running from Sagadahoc County to Waldo County, Maine’s roughly-defined Midcoast region is home to just under 160,000 people. By contrast, Cumberland County has a population of 300,000+ and York County’s population is around 220,000. This relatively smaller populace coupled with the distance from … Continue reading Maine’s Midcoast Market Update for Q1 2025

Celebrating 50 Years of Helping Businesses Find Their Place      By The Boulos Company Team         This year marks a significant Boulos milestone as we celebrate 50 years of success and growth in the commercial real estate market! Founded in 1975 by Joseph Boulos, we’re now a talented team of more than 40 professionals based in … Continue reading Celebrating 50 Years of Helping Businesses Find Their Place

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