Category: Team: Portland, Maine
Portland, Maine Commercial Real Estate Team
2024 Maine’s Capital Market Outlook
February 27, 2024
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
read moreDowntown Portland Class A Office 2023 Mid-Year Update
July 28, 2023
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
read moreConstruction Costs & The Impact on CRE
June 1, 2023
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
read morePortland Maine’s Office Market Outlook 2024
February 20, 2024
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
read moreFilling the Grocery Gap: The Need for a Small Market in Portland’s Central Business District
May 2, 2023
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
read moreThe Maine Industrial Market Outlook 2023 Update
March 1, 2023
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
read more2022 Transaction Highlights I-93 / Route 3 Corridor
March 3, 2023
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
read moreMidcoast Maine Commercial Real Estate Market Update: 2024
February 22, 2024
Maine’s Midcoast Commercial Real Estate Market Update: 2024 By Roy Donnelly | Associate There is no doubt that Maine’s Midcoast region benefitted from relocation trends spurred by COVID and the subsequent run-up in values. Population growth rates between April 2020 and July 2022 in four Midcoast counties equaled or outpaced that of Cumberland County, … Continue reading Midcoast Maine Commercial Real Estate Market Update: 2024
read moreMaine Retail Real Estate Market Outlook 2024
February 22, 2024
Maine Retail Real Estate Market Outlook 2024 By Joseph Italiaander | Associate Broker Maine commercial real estate has experienced a range of highs and lows across all asset types over the past few years. For example, we’ve seen unprecedented growth in the industrial sector. Maine’s warehousing/manufacturing companies, along with investors, have flocked to available product, … Continue reading Maine Retail Real Estate Market Outlook 2024
read moreLewiston Maine Commercial Real Estate 2024 Market Update
February 22, 2024
Lewiston-Auburn Commercial Real Estate Market Update: 2024 By Noah Stebbins | Broker The Lewiston-Auburn commercial real estate market continued on an upward trajectory over the past year, with new commercial/residential development projects announced or in the works, exciting new retailers entering the market, strong industrial demand, and motivated city officials, aiming to transform their respective … Continue reading Lewiston Maine Commercial Real Estate 2024 Market Update
read moreCentral Maine Commercial Real Estate 2024 Market Update
February 22, 2024
Central Maine Commercial Real Estate Market Update: 2024 By Chris Romano | Associate If you follow nationwide trends, turmoil in the office sector should spell doom and gloom for the entirety of Central Maine property values—the region’s commercial real estate market has traditionally been heavily saturated by office space. Fortunately, this is far from the … Continue reading Central Maine Commercial Real Estate 2024 Market Update
read moreMaine’s Industrial Market Outlook for 2024
March 19, 2024
Maine’s Industrial Market Outlook for 2024 By Jon Rizzo, SIOR | Partner, Broker In my 2023 Industrial Market Outlook, I mentioned how the change from a macroeconomic perspective (rising interest rates and inflation) caused a significant slowdown in commercial real estate transaction volume for the second half of the year. There was a disconnect between … Continue reading Maine’s Industrial Market Outlook for 2024
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