News: Northern New England

MEREDA to hold event on January 28

MEREDA's signature event will be held on January 28 from 9:00 am - 5:00 pm at the Holiday Inn By the Bay, 88 Spring St. The conference, sponsored by TD Bank, has been approved for 4.00 Broker and 4.00 Legal Continuing Education Credits. This must-attend event offers a unique forum specifically geared towards developers, brokers, architects, bankers, attorneys, accountants and other professionals who are part of Maine's real estate industry. MEREDA has assembled some of Maine's most respected real estate leaders to provide the annual Economic Overview and Outlook on Maine's economy, along with the popular Market Overview by property type focusing on both Commercial and Residential Forecasts. Attendees will gain valuable insights on the state of the economy and what lies ahead in the coming months for the real estate industry. This year's conference features a welcome address by governor John Baldacci, a Maine economic forecast by Laurie Lachance, president of the Maine Development Foundation and former state economist, and Charles Colgan, professor of Public Policy at the Edmund S. Muskie School of Public Service at the University of Southern Maine. Supplementing the conference will be MEREDA's sixth annual member showcase. Featuring 60 exhibitors, the showcase sells out every year and is a great opportunity for members to network and to market their products and services. To register or for more information, please contact Shelly Clark at the MEREDA office at (207) 874- 0801, email at info@mereda.org or register online at www.mereda.org . The showcase portion of the event is sponsored by: Showcase sponsor - Pierce Atwood LLP; Showcase co-sponsor - SMRT Architecture Engineering Planning; Luncheon co-sponsors - Country Pride Cleaning Service and Verrill Dana LLP; Media sponsor - MaineBiz; Conference & exhibito brochure sponsor - Haley & Aldrich; Technology sponsor - The Sheridan Corp. Founded in 1985, MEREDA is an organization of commercial real estate owners, developers and related service providers, whose mission is to promote an environment for responsible development and ownership of real estate throughout the State of Maine.
MORE FROM Northern New England
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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.