Insights Cannabis & Commercial Real Estate: 2021 Noah Stebbins, Associate Originally featured in our 2021 Greater Portland Market Outlook. Like it or not, the marijuana industry has arrived. In Maine all signs point to growth, slowly but surely. Marijuana policy has been changing rapidly across state lines in recent years. Currently, there are 17 states, including the District of Columbia, … Continue reading Cannabis & Commercial Real Estate Overview 2021

Insights Capital Markets Overview: 2021 Chris Paszyc, Broker & Partner Originally featured in our 2021 Greater Portland Market Outlook. In last year’s Market Outlook, I said that there was a growing consensus that the commercial real estate market had peaked in the cycle and was experiencing a deceleration. However, indicators pointed to a soft landing and it looked like we … Continue reading Capital Markets Overview: 2021

The Burgeoning Appeal of Pineland Farms By Chris Romano Originally a state-run facility, Pineland Center was officially closed in 1996. It sat vacant for several years until 2000, when the Libra Foundation purchased the campus and surrounding farms and embarked upon a full-scale renovation project resulting in the burgeoning professional and recreational site that it is today. Tucked into the … Continue reading The Burgeoning Appeal of Pineland Farms

Who is Signing Your Lease? Jessica Estes, Partner & Designated Broker If you own commercial property, the importance of having financially viable tenants in your property cannot be overstated. Obviously, a stronger tenant is more likely to pay rent and pay it on time – but the financial health of your tenant also impacts your ability to get favorable terms in … Continue reading Who is Signing Your Lease?

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.

Round two of the SBA’s Paycheck Protection Program (PPP) opened on Monday, January 11, 2021. Within the bill is a $284 billion pool to help struggling businesses survive the pandemic. The bill includes temporary alterations to the SBA 504 Loan, a government-backed loan program designed to provide financing to small and medium-sized businesses to promote economic growth and job creation.

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.

In the past month, an optimistic undertone is starting to creep into conversations with clients, family, and friends. The usual anticipation of spring has a whole new meaning this year when coupled with the vaccination rollout and being able to point to progress on the battle against COVID-19.

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.

Once a hub for gas stations and automobile service centers, the Forest Avenue corridor has become a heavily-trafficked gateway to downtown Portland, home to restaurants, retailers, nonprofits, and more. Off-peninsula neighborhoods, such as Forest Avenue, have become a draw for businesses seeking relief from expensive downtown rents. For at least a decade, Forest Avenue and Woodford’s Corner…

The 2020 overview of Maine’s industrial market looks a lot like 2019’s—strong tenant demand, lack of supply, and an incredibly sought-after investment market. But there is one notable difference. Demand increased even more in 2020, due to COVID-19.