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

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?

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

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

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

The 2023 Maine Capital Markets Outlook     By Chris Paszyc, CCIM, SIOR | Partner, Broker         2022 was the tale of two halves. I harken back to the 2017 Superbowl where the Patriots were down 28–3 in the first half. Unfortunately, in this analogy, we CRE professionals are Atlanta, and we all know how that story … Continue reading Maine Capital Markets Update – 2023

Retail Sector Takeaways from ICSC New York 2022   By Chris Romano, Associate   Earlier this month, I had the pleasure of attending the latest rendition of ICSC events at the Javits Center in New York City. While concerns over in-person events had hindered the event for the past two years, the East Coast’s premier retail real estate conference was … Continue reading Retail Sector Takeaways from ICSC New York 2022

Commercial Real Estate Interest Rates in Maine   By Nate Stevens, Partner, Designated Broker, & Christopher Stephenson, VP of Operations and Marketing at The Boulos Company   Unless you’ve been avoiding economic news for the past 6-12 months, you’re aware that in general, interest rates have been rising aggressively, particularly throughout the second and third quarters of 2022. As we … Continue reading Commercial Real Estate Interest Rates in Maine

Six Downtown Portsmouth Development Projects: Where Are They Now?   By Katherine Gemmecke, Associate    As we gear up for the release of our 2023 Market Outlook, we thought it would be interesting to take a deeper look at several downtown Portsmouth development projects. Some of these projects have been in the works since as early as 2018, while others … Continue reading Six Downtown Portsmouth Development Projects: Where Are They Now?

Portland, Maine, November 1, 2022: The Boulos Company is expanding. In the past three months, the Portland office welcomed Sarah Grillo and Reese McFarlane, and Nick DeNisco is the latest to join the Manchester team. Portsmouth office manager, Lisa Kurdt, has been with Boulos since 2000. Over the past year, the pace of business in Boulos’ New Hampshire markets increased … Continue reading Boulos Expands Bench and Awards Mid-Year MVP

                    Portland, Maine, September 29, 2022: Jessica Estes of The Boulos Company will take the helm as President starting October 1, 2022. After a successful, decade-long run as Managing Director, Drew Sigfridson, SIOR is stepping down from his role of Managing Director in the Portland office. Under Sigfridson’s leadership, Boulos grew … Continue reading Leadership Evolution at Boulos Lands Estes, Stevens, and Sigfridson in New Roles

Capital Markets 2022 Mid-Year Update By Chris Paszyc, CCIM, SIOR – Partner, Broker Here at The Boulos Company, and in Maine in general for the first half of 2022, investment sale volume has TRIPLED when compared to the first half of 2021!  While we like to think we’re unique here in Maine, these phenomenal results mirror a national trend.  However, … Continue reading Maine Capital Markets 2022 Mid-Year Update