Category: Insights

Seacoast Commercial Real Estate Transactions: 2023 Update

February 22, 2024

2023 Seacoast Commercial Real Estate Transactions     By Katherine Gemmecke | Senior Associate       Much like everyone in the commercial real estate industry, the Seacoast New Hampshire team faced various challenges in 2023, primarily stemming from limited inventory and fluctuating interest rates. Nevertheless, our team showcased both creativity and persistence resulting in a strong finish to the … Continue reading Seacoast Commercial Real Estate Transactions: 2023 Update

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I-93 / Route 3 Industrial Market Overview

March 7, 2023

New Hampshire I-93 / Route 3 Corridor Industrial Market Outlook: 2023     By Christopher Healey | Partner       2022 proved to be a year of not only sustained, but reinforced trends throughout the Southern NH Industrial Market. Trends surrounding a few key metrics further tightened the industrial market to a point where securing space is no small … Continue reading I-93 / Route 3 Industrial Market Overview

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2022 Transaction Highlights I-95 Corridor / Seacoast, NH

March 7, 2023

2022 Transaction Highlights I-95: Corridor, Portsmouth, & Seacoast NH     By Caitlin Burke | Senior Associate         The Boulos Company’s Seacoast New Hampshire office, located in Portsmouth, experienced one of its best years since the branch opened over 20 years ago. Even with a severe lack of inventory and very minimal options listed on the market, … Continue reading 2022 Transaction Highlights I-95 Corridor / Seacoast, NH

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Relocating Your Business In 2023

March 3, 2023

How To Relocate Your Maine Business In 2023     By Cameron Foster | Associate Broker         Historically, transitioning to a new space has always been a complex process, as it requires planning, organization, and diligence. Welcome to 2023, where thanks to everything from global supply chain issues to rising inflation and other costs, each piece of … Continue reading Relocating Your Business In 2023

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Maine’s Housing Shortage Conundrum

March 3, 2023

Maine’s Housing Shortage Conundrum     By John Finegan | Associate Broker         Like many states across the country, Maine has a housing crisis. The ripple effects of COVID and the needs of asylum seekers have created an influx of people coming to Maine. Simultaneously, the average number of people per household is shrinking, and this exacerbates … Continue reading Maine’s Housing Shortage Conundrum

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Life Science And What It Means For Maine CRE

March 3, 2023

Life Science And What It Means For Maine Commercial Real Estate     By Sasha Bogdanovics | Associate         We’ve all heard the buzz around “life sciences” and the industry’s anticipated growth in Maine. When the Roux Institute opened in late 2020, interest and speculation around what it would mean for Maine heightened, and judging by the … Continue reading Life Science And What It Means For Maine CRE

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Maine’s Shifting Supermarket Landscape

March 3, 2023

Maine’s Shifting Supermarket Landscape: 2023 Retail Market Update     By Joseph Italiaander | Associate Broker         While retail had its fair share of struggles in 2022, the sectors year was highlighted by the strength of the supermarket and the supermarket-anchored shopping center. On a national level, the large national supermarket players, including Whole Foods, Kroger, Ahold … Continue reading Maine’s Shifting Supermarket Landscape

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Maine Property Conversion And Adaptive Reuse

March 3, 2023

Maine Property Conversion And Redevelopment: 2023 Update     By Brice O’Connor | Broker         Evaluating property, not on what it is today but rather its long-term potential, has long been a pillar of commercial real estate investing and development. Consider the vast changes in commercial real estate sectors that we’ve seen in recent years. Industrial, multi-family, … Continue reading Maine Property Conversion And Adaptive Reuse

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Offshore Wind: The Next Driver Of Maine’s Economy?

March 3, 2023

Offshore Wind: The Next Driver Of Maine’s Economy?     By Claire Richardson | Associate Broker         From national to local levels, government contributions towards offshore wind efforts in 2022 were among the most extensive we’ve seen, making offshore wind—expected to become a $1 trillion industry by 2040—one of the largest economic opportunities in Maine’s history. The … Continue reading Offshore Wind: The Next Driver Of Maine’s Economy?

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Lewiston Auburn Androscoggin River

Lewiston-Auburn Market Outlook 2023

March 2, 2023

Lewiston-Auburn Market Outlook: 2023     By Noah Stebbins | Associate Broker         2022 proved to be another exciting year for commercial real estate in Lewiston-Auburn, with numerous development projects and new tenants entering the market. With a potential recession looming, it’s difficult to predict how the market will be impacted; however, let’s begin on a positive … Continue reading Lewiston-Auburn Market Outlook 2023

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Maine Real Estate Forecast 2023

March 3, 2023

Portland, Maine Office Market Predictions for 2023     By Greg Boulos | Senior Partner     By Samantha Marinko | Associate           OVERVIEW Based on our analysis of historical figures and recent market trends, we believe the office market will see an increase in vacancy rates over the next one to three years. This will … Continue reading Maine Real Estate Forecast 2023

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Central Maine Market Update 2023

March 2, 2023

Central Maine Commercial Real Estate Market Update: 2023     By Nick Lucas | Broker     By Chris Romano | Associate         AUGUSTA Despite economic turbulence over the past twelve months, public and private money has spurred continued investment in the state’s capital city. Prior to the pandemic, Augusta seemed poised to springboard on a budding … Continue reading Central Maine Market Update 2023

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