Category: Insights

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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Maine Capital Markets Update – 2023
February 28, 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
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Retail Sector Takeaways from ICSC New York 2022
December 21, 2022
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
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Commercial Real Estate Interest Rates in Maine
November 30, 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
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Six Downtown Portsmouth Development Projects: Where Are They Now?
November 1, 2022
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?
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Boulos Expands Bench and Awards Mid-Year MVP
October 31, 2022
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
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Leadership Evolution at Boulos Lands Estes, Stevens, and Sigfridson in New Roles
September 29, 2022
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
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Maine Capital Markets 2022 Mid-Year Update
August 31, 2022
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
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Construction Costs and the Impact on the Commercial Real Estate Market
July 11, 2022
Caitlin Burke, Senior Associate It is no secret that new construction in today’s market is more costly than it has been in recent memory. According to a report released in February 2022 from the US Census Bureau, construction costs went up by 17.5% from 2020 to 2021. It reported that it is the largest spike in this data from year … Continue reading Construction Costs and the Impact on the Commercial Real Estate Market
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Downtown Portland Class A Office 2022 Mid-Year Update
June 28, 2022
Downtown Portland Class-A Office Update By Samantha Marinko, Associate In January of each year, we publish a report which provides an overview of the commercial real estate market in Maine. We highlight significant projects and trends and conduct a comprehensive analysis of the vacancy rates of office buildings, with a particular focus on the 25 Class A office buildings in … Continue reading Downtown Portland Class A Office 2022 Mid-Year Update
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Office Conversion Projects And A Plan to Make Them Affordable
May 31, 2022
Nate Stevens, Partner, Broker When discussing the current and future status of the commercial real estate market, no topic is more heavily debated and difficult to predict than the office market. With the pandemic-driven rise of working-from-home and subsequent implementation of hybrid work models, it could be months or years before we understand the full effect of this trend on … Continue reading Office Conversion Projects And A Plan to Make Them Affordable
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