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

New Hampshire Seacoast Office Market     By Kent White | Principal Broker, Partner         It is impossible to discuss the office market today without considering the past three years since COVID -19 effectively “paused” the office market. During 2020 and 2021, there were many predictions of doom and gloom for the office market. In some parts … Continue reading New Hampshire Seacoast Office Market

I-93 / Route 3 Office Market Update – 2023     By Roger Dieker | Managing Broker, Partner         The New Hampshire I-93/Route 3 Office Market continued to surprise the Covid-19 naysayers by remaining steady in both vacancy (7.6%) and lease rate ($14.33/SF NNN). All of which happened in the face of the continued expansion and success … Continue reading I-93 / Route 3 Office Market

Six Noteworthy Downtown Portsmouth Developments Projects     By Katherine Gemmecke | Associate         Over the last several years in this annual publication, we’ve highlighted up-and-coming development projects in the Seacoast. Since our last in-depth update for Portsmouth in our 2019 Market Outlook, we thought it was time to circle back and take a look at active … Continue reading Six Noteworthy Downtown Portsmouth Development Projects

New Hampshire Seacoast Industrial Market Outlook: 2023     By Christian Stallkamp | Senior Broker, Partner       2022 has proved to be another challenging year for the Seacoast Industrial Market. Vacancy rates remain extremely low, construction pricing remains high, and economic indicators are ambiguous. The consensus in the commercial real estate industry is that these challenges will continue … Continue reading New Hampshire Seacoast Industrial Market Outlook

New Hampshire I-93 / Route 3 Corridor Industrial Market Outlook: 2023     By Christopher Healey | Partner       2022 proved to be a year of not only sustained, but reinforced trends throughout the Southern NH Industrial Market. Trends surrounding a few key metrics further tightened the industrial market to a point where securing space is no small … Continue reading I-93 / Route 3 Industrial Market Overview

2022 Transaction Highlights I-95: Corridor, Portsmouth, & Seacoast NH     By Caitlin Burke | Senior Associate         The Boulos Company’s Seacoast New Hampshire office, located in Portsmouth, experienced one of its best years since the branch opened over 20 years ago. Even with a severe lack of inventory and very minimal options listed on the market, … Continue reading 2022 Transaction Highlights I-95 Corridor / Seacoast, NH

How To Relocate Your Maine Business In 2023     By Cameron Foster | Associate Broker         Historically, transitioning to a new space has always been a complex process, as it requires planning, organization, and diligence. Welcome to 2023, where thanks to everything from global supply chain issues to rising inflation and other costs, each piece of … Continue reading Relocating Your Business In 2023

Maine’s Housing Shortage Conundrum     By John Finegan | Associate Broker         Like many states across the country, Maine has a housing crisis. The ripple effects of COVID and the needs of asylum seekers have created an influx of people coming to Maine. Simultaneously, the average number of people per household is shrinking, and this exacerbates … Continue reading Maine’s Housing Shortage Conundrum

Life Science And What It Means For Maine Commercial Real Estate     By Sasha Bogdanovics | Associate         We’ve all heard the buzz around “life sciences” and the industry’s anticipated growth in Maine. When the Roux Institute opened in late 2020, interest and speculation around what it would mean for Maine heightened, and judging by the … Continue reading Life Science And What It Means For Maine CRE

Maine’s Shifting Supermarket Landscape: 2023 Retail Market Update     By Joseph Italiaander | Associate Broker         While retail had its fair share of struggles in 2022, the sectors year was highlighted by the strength of the supermarket and the supermarket-anchored shopping center. On a national level, the large national supermarket players, including Whole Foods, Kroger, Ahold … Continue reading Maine’s Shifting Supermarket Landscape

Maine Property Conversion And Redevelopment: 2023 Update     By Brice O’Connor | Broker         Evaluating property, not on what it is today but rather its long-term potential, has long been a pillar of commercial real estate investing and development. Consider the vast changes in commercial real estate sectors that we’ve seen in recent years. Industrial, multi-family, … Continue reading Maine Property Conversion And Adaptive Reuse