Category: Insights

The Maine Industrial Market Outlook 2023 Update

March 1, 2023

The 2023 Maine Industrial Market Outlook     By John Rizzo, SIOR | Partner, Broker         Has supply met demand? Has demand softened? It’s a bit complicated right now. We are still living in a market with an approximate two percent vacancy rate for the industrial sector. With that said, we are also living in a new … Continue reading The Maine Industrial Market Outlook 2023 Update

read more

2022 Transaction Highlights I-93 / Route 3 Corridor

March 3, 2023

2022 Transaction Highlights I-93 / Route 3 Corridor     By Michael Tamposi | Partner         2022 proved to be another busy year with lots of activity. The lack of inventory being “on the market” did not slow transactions down. Investors and users were both busy acquiring off-market properties. We have highlighted a sample of transactions from … Continue reading 2022 Transaction Highlights I-93 / Route 3 Corridor

read more

Midcoast Maine Commercial Real Estate Market Update: 2024

February 22, 2024

Maine’s Midcoast Commercial Real Estate Market Update: 2024     By Roy Donnelly | Associate         There is no doubt that Maine’s Midcoast region benefitted from relocation trends spurred by COVID and the subsequent run-up in values. Population growth rates between April 2020 and July 2022 in four Midcoast counties equaled or outpaced that of Cumberland County, … Continue reading Midcoast Maine Commercial Real Estate Market Update: 2024

read more

Maine Retail Real Estate Market Outlook 2024

February 22, 2024

Maine Retail Real Estate Market Outlook 2024     By Joseph Italiaander | Associate Broker       Maine commercial real estate has experienced a range of highs and lows across all asset types over the past few years. For example, we’ve seen unprecedented growth in the industrial sector. Maine’s warehousing/manufacturing companies, along with investors, have flocked to available product, … Continue reading Maine Retail Real Estate Market Outlook 2024

read more

Lewiston Maine Commercial Real Estate 2024 Market Update

February 22, 2024

Lewiston-Auburn Commercial Real Estate Market Update: 2024     By Noah Stebbins | Broker       The Lewiston-Auburn commercial real estate market continued on an upward trajectory over the past year, with new commercial/residential development projects announced or in the works, exciting new retailers entering the market, strong industrial demand, and motivated city officials, aiming to transform their respective … Continue reading Lewiston Maine Commercial Real Estate 2024 Market Update

read more

Central Maine Commercial Real Estate 2024 Market Update

February 22, 2024

Central Maine Commercial Real Estate Market Update: 2024     By Chris Romano | Associate       If you follow nationwide trends, turmoil in the office sector should spell doom and gloom for the entirety of Central Maine property values—the region’s commercial real estate market has traditionally been heavily saturated by office space. Fortunately, this is far from the … Continue reading Central Maine Commercial Real Estate 2024 Market Update

read more

Manchester New Hampshire New Construction Update: 2024

February 22, 2024

The Manchester/I-93/Route 3 Corridor New Construction 2024 Update     By Michael Tamposi | Partner       In 2023, a number of noteworthy projects have either reached completion or are currently in progress. Traditionally, new construction activity in Southern New Hampshire has primarily catered to end-users. However, this past year has witnessed a shift, with several projects being undertaken … Continue reading Manchester New Hampshire New Construction Update: 2024

read more

Maine’s Industrial Market Outlook for 2024

March 19, 2024

Maine’s Industrial Market Outlook for 2024     By Jon Rizzo, SIOR | Partner, Broker       In my 2023 Industrial Market Outlook, I mentioned how the change from a macroeconomic perspective (rising interest rates and inflation) caused a significant slowdown in commercial real estate transaction volume for the second half of the year. There was a disconnect between … Continue reading Maine’s Industrial Market Outlook for 2024

read more

Downtown Portsmouth Development Projects: 2024 Update

February 22, 2024

Downtown Portsmouth Real Estate Development Projects| What is really taking shape in 2024?     By Caitlin Burke | Senior Associate       The past few years we have tracked Portsmouth’s Downtown development, as it is always top of mind for many of the investors and tenants we talk with throughout the year. When driving through the Downtown corridor, … Continue reading Downtown Portsmouth Development Projects: 2024 Update

read more

Manchester NH Industrial Market 2024 Update

February 22, 2024

The Manchester/I-93/Route 3 Industrial Market 2024 Update     By Christopher Healey | Partner       The 2023 New Hampshire industrial real estate market experienced another strong year with sustained demand, increased lease rates, low supply, and limited speculative construction. Collectively, these conditions ultimately resulted in a market with an overall vacancy rate of 4.8%. Though a significant increase … Continue reading Manchester NH Industrial Market 2024 Update

read more

Portsmouth NH Industrial Market Update: 2024

February 22, 2024

Seacoast Industrial Market 2024     By Kent White | Principal Broker, Partner       Over the past 3-5 years, the industrial and warehouse sector has been the dominant force in the commercial real estate landscape, not only in the New Hampshire Seacoast region but also on a national scale. While other commercial segments like the office market have … Continue reading Portsmouth NH Industrial Market Update: 2024

read more

Manchester New Hampshire Office Market 2024 Update

February 22, 2024

The Manchester/I-93/Route 3 Office Market 2024 Update     By Roger Dieker | Managing Broker, Partner       The New Hampshire I-93/Route 3 Office market remained stable through 2023 with a slight increase in both vacancy (8.5%) and lease rates ($15.36/SF NNN). With the majority of office lease terms averaging 5 years, 2023 marked the 3-year mark from Covid-19 … Continue reading Manchester New Hampshire Office Market 2024 Update

read more