News: Northern New England

Upcoming special events - Learn, earn, network and marketing

Check out our calendar on www.nhcibor.com. Non-members are welcome to many of our educational, marketing, and networking events! The New England Commercial Property Exchange (www.necpe.com) is a member-driven Internet database of commercial properties with public access. We have 8 free upcoming webinars for both members and non-members to learn how to use this web service Featured Events include: * April 17 - The Certified Sites Program developed by Southern N.H. planning commission - www.readysetgonh.com - This will be held at PSNH,780 N. Commercial St., Manchester. * March 29 - Quarterly meeting, Regulatory Changes in Construction and Renovation, at Seresc, Bedford, from 8 a.m.-12:30 and typically offers credits for license education credits. Portsmouth, N.H. - Did you know that every third Friday, there is a N.H. Seacoast Marketing meeting, at the Pease Tradeport in Portsmouth attended by commercial realtors and affiliates who present their listings and services? Continental Breakfast is served! Manchester, N.H. - Statewide marketing meetings are held in Manchester every 4th Wednesday at 9 a.m. The exchange of listings and services results in sales, leases, and service contracts. It presents a strong survey of the current market, and a fabulous networking opportunity. Come and join us. One of our fun events is the annual picnic at TF Moran in Bedford on June 20! It features a full-spread barbecue, open bar, often a band, and our Realtor and Affiliate of the Year Awards. Don't miss that one. Check the calendar often; come meet and greet! See you there. 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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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. 

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