News: Northern New England

Equity Group Realtors relocates to Lebanon

James Ward, broker/owner of Equity Group Realtors relocated his company from New London. Equity Group was incorporated in 1996. Ward specializes in commercial sales, leasing and land sales. Highlights include: * 25 years of real estate experience including Colorado, Florida and N.H. (20 years in N.H.) * Sold over 8,000 acres totaling over $14 million throughout N.H. * Selling 70% of his own listings * Member of N.H. Commercial Investment Board of Realtors * Sunapee and Upper Valley Board of Realtors * Member Society of Protection N.H. Forest Now serving commercial and land customers for the Upper Valley as well as the Lake Sunapee region. Ward moved to Lebanon as a result a strong demand for commercial services and to service several larger clients in the Upper Valley. Also Lebanon is the strongest micro economy in the state and possibly New England. Lebanon has been rated high nationally for several surveys including #1 in the nation for mid size cities as least vulnerable to recession by Forbes.
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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
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.

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. 

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
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