Jon Rizzo, Partner As we stand today, investment properties are in high demand, which is a result of low interest rates and pent-up demand from the investment community. With prime investment opportunities moving quickly, staying aware of what product is available, knowing how to get creative to find deals, and keeping ahead of the market’s trajectory can all make … Continue reading Capital Markets: Where do we stand and where are we going?

Nick Lucas, Associate Broker As we near the fourth quarter of 2021, we wanted to provide an update on Maine’s industrial market and to highlight the significant deals and projects we are seeing north of greater Portland. The industrial sector remains red hot throughout the entire state of Maine. Much like Southern Maine, the Midcoast and Central Maine areas have … Continue reading Central & Midcoast Maine Industrial Market Update

As of August 1st 2021, we are beginning to get a better picture of the overall health of the New Hampshire Seacoast office market. Every December, The Boulos Company completes a Market Outlook reviewing the current office and industrial vacancy, as well as forecasting for the upcoming year. Most years, we feel very confident in our predictions and history shows that … Continue reading New Hampshire Seacoast Mid-Year Office Market Update

Noah Stebbins, Associate Lewiston-Auburn has emerged as a popular market for developers and businesses, as motivated city officials aim to spur new development. Although new development initiatives in both cities are focused on addressing the housing shortage, there are several notable projects that will transform each city and businesses have taken notice. Local and national companies of all types continue … Continue reading Lewiston-Auburn Mid-Year Market Outlook

  Samantha Marinko, Associate In January, The Boulos Company released the 2021 Annual Market Outlook, which gives an overview of Maine’s commercial real estate market. The numbers spoke and the effect of the pandemic was evident, particularly when considering the vacancy rate in Class A office buildings in downtown Portland. However, the last six months suggest that the winds may … Continue reading Mid-Year Update: Downtown Class A Office Space

Christian Stallkamp, Senior Broker Originally featured in our 2021 Seacoast New Hampshire Market Outlook. The Seacoast New Hampshire industrial market remains extremely tight, and this trend will continue for the foreseeable future even with the uncertainty of the COVID-19 pandemic. The 2020 year-end vacancy rate for industrial space in the Seacoast is 3.9%, dropping from 5.7% in 2019. This remarkably … Continue reading Seacoast Industrial Market Overview 2021

Brice O’Connor, Associate Broker Whether you are working on a multi-million dollar commercial development, an office buildout, or simply remodeling your home, you have likely experienced the increasing costs and challenges of the construction process in 2021. Material and labor costs rose sharply through 2020 and continue to climb early in 2021. A report published by Verisk Analytics showed that … Continue reading Rising Construction Costs and Challenges in 2021

Joseph Italiaander, Associate Broker Originally featured in our 2021 Greater Portland Market Outlook. 2020 has been an unprecedented year in every way, shape, and form. In just nine months, the COVID-19 pandemic has structurally impacted the world in ways that could not have been imagined a year ago, and commercial real estate is no exception to shifting trends. The retail … Continue reading Retail on Wheels: The Value of Drive-Thrus

Insights Lewiston-Auburn Market Overview: 2021 Noah Stebbins, Associate Originally featured in our 2021 Greater Portland Market Outlook. In recent years, Lewiston-Auburn has benefited from numerous development projects, and investors continue to remain bullish on downtown and surrounding areas. Although 2020 has been a challenging year for most, Lewiston-Auburn has remained a popular market for developers and businesses alike, and there … Continue reading Lewiston-Auburn Market Overview: 2021

Insights Augusta Market Overview: 2021 Nick Lucas, Associate Broker Originally featured in our 2021 Greater Portland Market Outlook. Augusta The revitalization efforts in downtown Augusta had another successful year, with some key projects completed in 2020. There has been significant demand for quality, modern housing in Augusta over the last several years and one project in particular sufficed that demand. … Continue reading Augusta Market Overview 2021

Insights Cannabis & Commercial Real Estate: 2021 Noah Stebbins, Associate Originally featured in our 2021 Greater Portland Market Outlook. Like it or not, the marijuana industry has arrived. In Maine all signs point to growth, slowly but surely. Marijuana policy has been changing rapidly across state lines in recent years. Currently, there are 17 states, including the District of Columbia, … Continue reading Cannabis & Commercial Real Estate Overview 2021

Insights Capital Markets Overview: 2021 Chris Paszyc, Broker & Partner Originally featured in our 2021 Greater Portland Market Outlook. In last year’s Market Outlook, I said that there was a growing consensus that the commercial real estate market had peaked in the cycle and was experiencing a deceleration. However, indicators pointed to a soft landing and it looked like we … Continue reading Capital Markets Overview: 2021