Hospitality & Tourism in Maine: Maine’s hospitality and tourism market generates an average of $11 billion annually and is one of the state’s largest economic sectors. Portland is at the center of this sector as Maine’s largest city and one of the state’s biggest draws. Last year, I highlighted the pandemic-related challenges faced by Portland’s bustling restaurant industry. Twelve months … Continue reading Industry Spotlight: Hospitality

Developers, owner-users, tenants, and investors are beginning to view Lewiston-Auburn as the next area of the state poised for growth, as evidenced by rising lease rates and record sale prices – and in spite of soaring construction costs. Housing Development Like in many areas throughout Maine, developers have taken notice of the housing shortage in Lewiston-Auburn. Over the past year, … Continue reading Lewiston-Auburn Market Overview

As with the year before, the past 12 months were largely characterized by profound change. The pandemic continued to shine a light on how we spend our time, what we spend it on, and, in many cases, where we spend it. For many seeking a better quality of life during the pandemic, Maine was at the top of the list. … Continue reading Economic Impacts from COVID Transplants

In November 2020, Portland passed a significant new referendum for the city. Colloquially known as the “Green New Deal,” the referendum primarily addressed energy efficiency standards on new construction, but also included a change to the inclusionary zoning (IZ) provision that exacerbated the already-strict affordable housing requirements around new development. It has been a year since that referendum went into … Continue reading Multifamily: The Effects of Portland’s Inclusionary Zoning

These days, when people think of Maine, they often think of Portland. As Maine’s largest city and business hub, Portland is celebrated for its award-winning restaurants and brewery scene, historic Old Port, and working waterfront. So much so, that robust real estate demand over the past decade has left limited development sites on the Portland peninsula. With record-high price points … Continue reading Development Spotlight: Beyond the Peninsula

The Maine business world is made up of many diverse industries—animal health, beer, seafood, agriculture, wellness, technology—we are a melting pot of innovation.  All of these companies have something in common: they began as an idea. But ideas do not just turn into successful companies on their own. What makes the Maine startup community so robust? “The most important thing … Continue reading The Rise of Maine’s Startup Community

Manchester, New Hampshire, and Portland, Maine, January 10, 2022: The Boulos Company, Northern New England’s commercial real estate market leader, is excited to announce that it is expanding its operations, and welcomes the brokerage team of Roger Dieker, Mike Tamposi, Chris Healey, and Transaction Manager, Karen Gazzara to their new office at 650 Elm Street, Manchester, NH. A Transition from … Continue reading Manchester Brokerage Office Joins The Boulos Company

Drew Sigfridson, SIOR, Managing Director The world is changing fast and office users are in the forefront of that change. It is no secret that the way companies use office space is facing a transformation. This time last year, uncertainty reigned supreme in the office market. The Boulos Company conducted a survey in their Maine and New Hampshire markets. They asked … Continue reading How Will COVID-19 Change the Office?

I was recently talking about work with a friend who’s a financial advisor in New Hampshire. He’s looking to expand out of his home office to grow his practice and was surprised to hear that this is something a commercial real estate broker can help with.  He thought that we only help people buy and sell real estate and list … Continue reading Tenant Representation

Where is Maine Working? V.2 The WFH Office Impact Survey [hubspot type=cta portal=19596834 id=d4527355-d283-4cd8-aaea-2b5fdf307817] In February 2021, The Boulos Company released the results of the “Where’s Maine Working” survey – which detailed the impacts of COVID-19 on Maine’s Commercial Office Market. The factors that impact the market now include staggered office-reopening plans, a tightening labor market, and a full spectrum … Continue reading Where Is Maine Working? V.2

The Boulos Company Releases 2023 Greater Portland Market Outlook The Boulos Company, Northern New England’s premier commercial real estate brokerage, is excited to announce the release of their 2023 Greater Portland Market Outlook. This comprehensive report offers valuable insights into the current state of the commercial real estate market in Greater Portland and throughout Maine. The market outlook includes a … Continue reading Boulos Releases 2023 Greater Portland Market Outlook

Katherine Gemmecke, Associate Haven’t found the “perfect” fit for your business needs in an existing building? Developing a raw or an underutilized piece of land could be a great option to consider. However, before diving headfirst, you should understand the process behind purchasing and developing land. It may appear to be a simple process, but there are several factors to … Continue reading Let’s Talk About Buying Commercial Land