News: Northern New England

Brady Sullivan Properties completes 3 leases in Nashua totaling 18,900 s/f

Brady Sullivan Properties has welcomed three new business tenants to two of its properties in Nashua: 131 Burke Street and Vantage Point. These three transactions total 18,900 s/f. New England Brickmasters and Metro Walls found new homes at 131 Burke St. The Nashua location marks the brick and masonry company's expansion into New Hampshire, which now occupies 3,000 s/f of warehouse garage space. Metro Walls has established itself at Burke St. with 13,500 s/f of warehouse space. Both companies join longtime tenant Lewis and Clark. Charles Panasis and Benjamin Kelley of Brady Sullivan Properties are responsible for these new transactions. J&M Fitness, better known as Curves, will be leaving its Broad St. location, and relocating to Vantage Point at 3 Bud Way. The health and fitness company will be occupying 2,400 s/f, which they will convert to a gym and pilates studio. This will be Curves' first relocation in 12 years. They will move into their new home in the middle of this month, and will be joining Foundation Armor at Vantage Point. This new tenant relationship was a combined effort by Chris Norwood of NAI Norwood Group and Elizabeth Sachetta of Brady Sullivan Properties.
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Northern New England

November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash

While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I
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Columns and Thought Leadership
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units. 

Interest rates and inflation - by Matthew Bacon

Interest rates and inflation - by Matthew Bacon

As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.

Residential is here to untie the office space doom loop - by Thomas House

Residential is here to untie the office space doom loop - by Thomas House

The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion
The Greater Portland industrial mid-year market update - by Nate Roop

The Greater Portland industrial mid-year market update - by Nate Roop

The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for