News: Northern New England

Robert Bennett Owner/Broker Bennett, R.E. Brokerage

Name: Robert Bennett Title: Owner/Broker- NH & MA Company: Bennett, R. E. Brokerage Location: Manchester, New Hampshire Place of birth and year: Manchester, NH 1963 Family: Lovely wife, Colette and 2-children, Zachary 14, Emily 12 College: N.H. Vocational & Continuing Ed. First job unrelated to real estate: I worked for Ronco Mechanical Co. as a plumber, new construction, commercial & residential. First job in real estate or allied field: worked part-time as a sales agent for D. M. Cote Associates an independent local R.E. agency. What your company does now and its plans for the future? We secure Client needs, locating, selling, leasing and exchanging sites and will continue to meet the needs of our clients, always looking for the best means to do so. Hobbies: Beach comber, traveling near the equator! watching sporting events, fishing & exercising. Keys to success: Real estate it's amazing, I fully enjoy my work! Person(s) you most admire (outside of family): Roger Staubach the quarterback and the real estate broker If you had to choose a different profession, what would it be? Teaching
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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
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. 

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
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