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

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

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

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

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

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

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

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

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

The Seacoast-Portsmouth Office Market: 2024 Update     By Christian Stallkamp | Senior Broker, Partner       2023 represented a fundamental shift in the commercial real estate landscape, including office space on the New Hampshire Seacoast. The blistering pace at which companies had been working, with a combination of remote work over the past few years, slowed down following … Continue reading Portsmouth, NH Office Market Update: 2024

New Hampshire Seacoast Office Market     By Kent White | Principal Broker, Partner         It is impossible to discuss the office market today without considering the past three years since COVID -19 effectively “paused” the office market. During 2020 and 2021, there were many predictions of doom and gloom for the office market. In some parts … Continue reading New Hampshire Seacoast Office Market

I-93 / Route 3 Office Market Update – 2023     By Roger Dieker | Managing Broker, Partner         The New Hampshire I-93/Route 3 Office Market continued to surprise the Covid-19 naysayers by remaining steady in both vacancy (7.6%) and lease rate ($14.33/SF NNN). All of which happened in the face of the continued expansion and success … Continue reading I-93 / Route 3 Office Market