News: Northern New England

President's message: A new year, a new beginning

Happy New Year to one and all. It is an honor and a privilege to have been chosen to lead NH CIBOR for 2015. Our organization is very well respected, and we have an abundance of highly experienced members and affiliates who have always been willing to assist, and will continue to help us grow in character and respectability. I will strive to continue the great work that has been started by our past presidents and past board members for the betterment of our organization. I also plan to reach out to all members and affiliates to solicit the ideas that will carry us forward into an even stronger future. We will be happy to listen to all ideas, and even happier when you step forward and participate in our committees to help us make those ideas become reality. As N.H. CIBOR moves into 2015, we have a lot of exciting work ahead of us. In particular, our new political advocacy committee started working in 2014 to help bring about change at the State level, and at the local community level. Our political advocacy efforts have the ultimate goal of making our great State of New Hampshire the first choice for quality businesses, for quality job growth, and for quality of life for residents. New Hampshire needs to once again become a strong economic engine. This is an ambitious and very exciting goal, but we are up to the task, especially with the involvement of all members. Each of you are encouraged to step forward and take part. Be brave, become involved, participate in your local communities in a way that makes a real difference. Lastly, I ask two questions of our Realtor and affiliate members: What can N.H. CIBOR do to help your business grow? What can you do to help N.H. CIBOR grow? Gerry O'Connell is the 2015 president of the New Hampshire Commercial and Investment Board of Realtors.
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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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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
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.