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

Offshore Wind: The Next Driver Of Maine’s Economy?     By Claire Richardson | Associate Broker         From national to local levels, government contributions towards offshore wind efforts in 2022 were among the most extensive we’ve seen, making offshore wind—expected to become a $1 trillion industry by 2040—one of the largest economic opportunities in Maine’s history. The … Continue reading Offshore Wind: The Next Driver Of Maine’s Economy?

Lewiston-Auburn Market Outlook: 2023     By Noah Stebbins | Associate Broker         2022 proved to be another exciting year for commercial real estate in Lewiston-Auburn, with numerous development projects and new tenants entering the market. With a potential recession looming, it’s difficult to predict how the market will be impacted; however, let’s begin on a positive … Continue reading Lewiston-Auburn Market Outlook 2023

Portland, Maine Office Market Predictions for 2023     By Greg Boulos | Senior Partner     By Samantha Marinko | Associate           OVERVIEW Based on our analysis of historical figures and recent market trends, we believe the office market will see an increase in vacancy rates over the next one to three years. This will … Continue reading Maine Real Estate Forecast 2023

Central Maine Commercial Real Estate Market Update: 2023     By Nick Lucas | Broker     By Chris Romano | Associate         AUGUSTA Despite economic turbulence over the past twelve months, public and private money has spurred continued investment in the state’s capital city. Prior to the pandemic, Augusta seemed poised to springboard on a budding … Continue reading Central Maine Market Update 2023

The 2023 Maine Capital Markets Outlook     By Chris Paszyc, CCIM, SIOR | Partner, Broker         2022 was the tale of two halves. I harken back to the 2017 Superbowl where the Patriots were down 28–3 in the first half. Unfortunately, in this analogy, we CRE professionals are Atlanta, and we all know how that story … Continue reading Maine Capital Markets Update – 2023

Capital Markets 2022 Mid-Year Update By Chris Paszyc, CCIM, SIOR – Partner, Broker Here at The Boulos Company, and in Maine in general for the first half of 2022, investment sale volume has TRIPLED when compared to the first half of 2021!  While we like to think we’re unique here in Maine, these phenomenal results mirror a national trend.  However, … Continue reading Maine Capital Markets 2022 Mid-Year Update

Downtown Portland Class-A Office Update By Samantha Marinko, Associate In January of each year, we publish a report which provides an overview of the commercial real estate market in Maine. We highlight significant projects and trends and conduct a comprehensive analysis of the vacancy rates of office buildings, with a particular focus on the 25 Class A office buildings in … Continue reading Downtown Portland Class A Office 2022 Mid-Year Update

Manchester, New Hampshire, and Portland, Maine, January 10, 2022: The Boulos Company, Northern New England’s commercial real estate market leader, is excited to announce that it is expanding its operations, and welcomes the brokerage team of Roger Dieker, Mike Tamposi, Chris Healey, and Transaction Manager, Karen Gazzara to their new office at 650 Elm Street, Manchester, NH. A Transition from … Continue reading Manchester Brokerage Office Joins The Boulos Company

  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?