Another strong year for the Greater Portland commercial real estate market in Maine - by Matthew Cardente

March 6, 2020 in Articles

Author: Matthew Cardente
Publication: New England Real Estate Journal

Another strong year for the Greater Portland commercial real estate market in Maine - by Matthew Cardente

March 06, 2020 - Northern New England
Greater Portland’s commercial real estate market remained healthy for all sectors through 2019. Retail and industrial vacancy rates dropped, lease rates and sale prices for all sectors continue to rise, and there remains high demand by commercial investors with low inventory available in the market. While several sectors may see a slight uptick in vacancy rates, the leasing market should remain competitive and our sales forecast for quality investment and owner / occupant commercial product remains extremely bullish through year end 2020....
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