The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for
Somersworth, NH Patriot Holdings has delivered another exciting real estate development as the private equity real estate firm expands its presence in New England. In Somersworth, a three-building industrial park is now available for lease and for sale. This industrial/flex facility has the potential for units starting at 1,600 s/f with a potential
So far it has been a beautiful late summer. Of course, we still have the election ahead! The economy and commercial real estate, seem to be rolling along. Employees are being called back to work in the office, some three days a week, some four and some five. Perhaps up to 70-80% of the pre-COVID level. Office user tenants want less space and lower rents. This is hard to achieve as expenses go up,
Nashua, NH Don Marsolini transitioned from the role of chief financial officer (CFO) to the newly created chief strategic officer (CSO) at DECCO, Inc. With his leadership skills and a strategic vision, Marsolini is poised to help DECCO deliver on its strategic vision as they explore new horizons afforded to them under the Comfort Systems
Starting last month, NECPE.com, the website that allows its members to market commercial listings for lease and for sale anywhere in New England, moved to a new and updated platform. This is still powered by Catalyst but now includes some added benefits from the Moody’s CRE partnership. For those who don’t know, Moody’s is a ratings organization
Londonderry, NH TAYLOR has been awarded the construction contract for the first Tesla dealership and service center in New Hampshire. TAYLOR is teaming with a national developer and Base4 Architects and Engineers, for the new construction of a 50,000 s/f location at 36 Industrial Dr.
Scarborough, ME Landry/French Construction has acquired MH Williams Construction Group, a Melbourne, Fla.-based construction firm, established in 1987. Having served Brevard County for over 37 years, MH Williams will continue under the leadership
Exeter, NH Kevin Olson and Rick Bartley of Nordlund Associates, Inc. negotiated a lease of 17 Industrial Dr., a 17,740 s/f building that is situated on 1.5 acres to Sig Sauer Inc. Jeff Chierepko, vice president, facilities management, SIG SAUER, Inc
Portland, ME Zinn Wealth Management leased Suite A at 62 India St. The newly constructed 1,616 s/f space is on street level and features a conference room, private offices, open workspace, and more. Floor-to-ceiling windows complement the modern design and offer
Concord, NH According to North Branch Construction, project superintendent Chris Ricketts and project manager Bronson Raspuzzi have graduated from the Associated Builders and Contractors (ABC) NH/VT Chapter’s Future Leaders in Construction program.