2025 Year in Review: Mike Cobb, Colliers - Maine

Looking back at 2025, what deal, project, or key moment best reflected the direction of the New England CRE market this year?

Looking back at 2025, the turning point for me was securing the 10-year Everon lease at 235 Portland Rd. in Gray. That commitment completely changed how the market viewed the property. What had been an owner-occupied campus suddenly was a stabilized investment with additional upside, and buyer interest followed immediately. It was a clear reminder of how much long-term, reliable income can reshape a deal and open the door to a successful sale.

As you look ahead to 2026, which emerging trends or shifts will shape opportunities for you, your firm, or your market sector?

Heading into 2026, I’m seeing real opportunities in the way tenants are using space with more intention. Most groups aren’t giving up on brick-and-mortar office space completely. Rather, they’re choosing space that supports how their people actually work and giving careful consideration to building amenities. That shift favors Class A and updated buildings. Owners who stay flexible and invest in improvements are winning renewals, especially downtown Portland where the walkability and energy continue to draw talent.