2025 Capital Markets Outlook       By Chris Paszyc, CCIM, SIOR | Managing Partner, Broker          Maine’s 2024 capital markets volume experienced significant head winds, which reflected the sector’s national trends. However, a handful of noteworthy investment transactions did occur. Multifamily, hospitality and industrial properties dominated the largest sales, ranging from below $1 million to nearly … Continue reading 2025 Capital Markets Outlook

2025 Office Market Outlook       By: Nate Stevens, Managing Partner, Designated Broker       The Greater Portland office market began 2025 with an increase in vacancy rates compared to the previous year. Direct vacancy rates across the entire market rose from 7% to 8.15%, which is the highest since 2013. Over the past several years, it became … Continue reading 2025 Office Market Outlook

Maine’s Midcoast Market Update        By Roy Donnelly | Associate Broker         Running from Sagadahoc County to Waldo County, Maine’s roughly-defined Midcoast region is home to just under 160,000 people. By contrast, Cumberland County has a population of 300,000+ and York County’s population is around 220,000. This relatively smaller populace coupled with the distance from … Continue reading Maine’s Midcoast Market Update for Q1 2025

Celebrating 50 Years of Helping Businesses Find Their Place      By The Boulos Company Team         This year marks a significant Boulos milestone as we celebrate 50 years of success and growth in the commercial real estate market! Founded in 1975 by Joseph Boulos, we’re now a talented team of more than 40 professionals based in … Continue reading Celebrating 50 Years of Helping Businesses Find Their Place

10 Ways to Celebrate the Holidays in Maine       By The Boulos Company Team       Snow has started to fall, the clearest signal that the holiday season is upon us. As deep-rooted Mainers, The Boulos Company team has visited just about every festive market, celebration, and experience our wonderful region offers. We’ve combined our years of … Continue reading 10 Ways to Celebrate the Holidays in Maine

2024 Maine’s Capital Market Outlook     By Chris Paszyc, CCIM, SIOR | Partner, Broker       In 2024, despite all current indications of a successful Fed-piloted “soft landing” we predict the commercial real estate investment volume to fall year-overyear, continuing the downtrend that started in 2022. However, the State of Maine will out perform the national averages and … Continue reading 2024 Maine’s Capital Market Outlook

Downtown Portland Class A Office 2023 Mid-Year Update       By Samantha Marinko | Associate       This time last year, I made reference to “the current stalemate in the market,” referring to the minuscule variance in the vacancy rate for downtown, Class A office buildings in the six months prior. This year, I have a similar report. … Continue reading Downtown Portland Class A Office 2023 Mid-Year Update

Construction Costs & The Impact on CRE     By Chris Romano | Associate       The cost of construction has been a hot-button topic in the commercial real estate and development discourse for several years now. The industry has experienced skyrocketing prices in nearly every facet of the business (labor, materials, insurance, etc.) and the effect has been … Continue reading Construction Costs & The Impact on CRE

Portland ME’s 2024 Office Market Outlook     By Nate Stevens | Partner, Designated Broker DECEMBER 2023 When the Great Recession hit the office leasing market in 2008-2009, there was an initial sharp increase in the Greater Portland vacancy rates which continued to trend upward over four years until rates started to decline in 2013. Many companies were committed to … Continue reading Portland Maine’s Office Market Outlook 2024

Filling the Grocery Gap: The Need for a Small Market in Portland’s Central Business District     By Reese McFarlane | Associate       Portland, Maine is quickly becoming the go-to destination for people looking for a charming and vibrant community. With its stunning waterfront and delicious food scene, it’s no surprise that more and more people are choosing … Continue reading Filling the Grocery Gap: The Need for a Small Market in Portland’s Central Business District

The 2023 Maine Industrial Market Outlook     By John Rizzo, SIOR | Partner, Broker         Has supply met demand? Has demand softened? It’s a bit complicated right now. We are still living in a market with an approximate two percent vacancy rate for the industrial sector. With that said, we are also living in a new … Continue reading The Maine Industrial Market Outlook 2023 Update

2022 Transaction Highlights I-93 / Route 3 Corridor     By Michael Tamposi | Partner         2022 proved to be another busy year with lots of activity. The lack of inventory being “on the market” did not slow transactions down. Investors and users were both busy acquiring off-market properties. We have highlighted a sample of transactions from … Continue reading 2022 Transaction Highlights I-93 / Route 3 Corridor