News: Northern New England

Dieker and Tamposi of CB Richard Ellis Manchester lease 5,600 s/f

CB Richard Ellis has leased 5,600 s/f to Kris-Way Truck Leasing, Inc. at 51 Faltin Dr. Mike Tamposi of CB Richard Ellis' Manchester office represented the landlord and Roger Dieker, also of CB Richard Ellis' Manchester office, procured the tenant. Kris-Way opened this facility, its second in New Hampshire, to fulfill a need for trucking in the Manchester area. Kris-Way began working with Dieker in 2008 to identify a site for the new facility. Finding the right facility was a challenge because the requirement called for garage space and on-site fuel. The 11,200 s/f truck service facility features 1,500 s/f of customer service/office space, excellent lighting, ten oversized drive-thru doors, a parts storage mezzanine, on-site fuel storage/dispensing station and a drive-thru truck wash bay. The building has lighted access to Willow St. and 135 parking spaces.
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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
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.

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
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. 

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