In 2001, the tech-sector busted and many major cities lost large tenants who left behind empty office space. In Portland however, it was business as usual. By 2003, the national vacancy rate was over 16% while Greater Portland’s vacancy rate was just over 6%. Needless to say, investors found this scenario attractive and income-producing investment properties were unloaded by the handful to local and out-of-state investors alike. While, Maine remains a stable real estate investment market, this fact is no longer a secret. And, as the demand for tenanted real estate continues to outweigh the supply over the past couple years, it takes a creative new approach to yield high investment returns. (Continued on PDF)
Creative Investment Solutions
November 3, 2006 in Articles
Author: Nathan DeLoisPublication: Northeast Real Estate Journal
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