News: Northern New England

New members welcome: More members = a better 2013

The dynamism of any realtor association depends on the people: and more is better. Ever been to a networking event with a poor turnout? A party with too few people? There's no energy! There's no force for attraction, no catalyst to tease new ideas or discussions from the gathering. Nobody to buy the next round! More members supply more heat, more listings, more conversations, more excitement. More magnets create more force of attraction! Business occurs during conversations. Deals are initiated when conversations happen. In 2013, www.NHCIBOR.com and www.NECPE.com have many events planned for 2013: Networking sessions, new commercial educational seminars, marketing meetings, and many continuing credit sessions. Are you new to the commercial side of real estate? You can attend these sessions before becoming a member. Need commercial forms? Membership solves that. Questions about commercial or industrial that can't get answered in your firm? We can help if you join us. It is well known that people are reluctant to do business with those whom they don't know. Membership in shared associations builds the first bridge to that trust. Mentoring can happen at many levels of experience. I often seek the advice of my membership who might specialize in an area where I have little or no real experience. Our collective experience is huge. Our bench is deep. More members make a stronger collective brain and database. Come join us or rejoin us. More members = a better 2013! That's where I come in...questions? Tom. Duffy@verani.com. Tom Duffy is the president of the New Hampshire Commercial and Investment Board of Realtors and the New England Commercial Property Exchange.
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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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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
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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