Greater Portland
Commercial Real Estate News

2019 Greater Portland Outlook

2019 Greater Portland Outlook

2018 Office Market Overview Overall vacancy for Suburban and Downtown Portland decreased from 6.4% Mid Year to 5.35% Year End 2018, with a total positive absorption of 109,844 SF.  Vacancy was down in each submarket since Mid Year 2018 (Class A & B Downtown...

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Workplace Trends in Downtown Portland

Workplace Trends in Downtown Portland

Growing Demand for Co-Working Space As small office space becomes harder to find in downtown Portland and a large expense for small businesses and start-ups, many entrepreneurs are moving towards co-working spaces as a good, flexible alternative. These small business...

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Top Five Tips for Leasing Space

Top Five Tips for Leasing Space

Real Estate Timeline: It is important to be aware of your upcoming lease expiration date so you can begin searching for space and allow time for negotiation. Depending on the size of the lease, tenants should typically begin the process 6-18 months prior to lease...

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Waterfront Development Ban & New Zoning in Portland

Waterfront Development Ban & New Zoning in Portland

The Portland City Council voted in December for a six-month moratorium to ban development in the Central Waterfront District.  According to MaineBiz, "The city said in a news release that it made the proposal in response to 'significant overburdening of parking,...

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Recent Upgrades Boost Activity at Southborough Office Park

Recent Upgrades Boost Activity at Southborough Office Park

Southborough Office Park has recently undergone landscaping improvements to the courtyard area, these in addition to the lobby/restroom upgrades in the past few years along with amenities such as an on-site cafe and facilities management, have contributed to the increased activity and low vacancy at this suburban office park.

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