Greater Portland
Commercial Real Estate News
Leasing vs Owning a Commercial Property
If your business is evaluating whether the benefits of owning your own property could outweigh leasing space, we have outlined several factors to consider below. Benefits of Ownership Equity/Appreciation: The value in owning the property you occupy allows for the...
Southborough Office Park Fully Leased
With two deals recently completed at Southborough Office Park, the 3-building park will be fully leased by this May. Randstad leased 1,392 square feet on the first floor at 500 Southborough and New England Life Care expanded by 2,647 square feet on the first floor at...
Negotiating an Office Lease
Negotiating a lease can be very complex and with all the commercial real estate and law jargon, if this is not your area of expertise, it can be especially difficult to know what to look for. We highly recommend using a Commercial Real Estate broker and attorney to...
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...
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...