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

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

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

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

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