W W W. M A I N E B I Z . B I Z 15 JA N UA R Y 2 7 , 2 0 2 0
F O C U S C O M M E R C I A L D E V E LO P M E N T
he annual MEREDA forecast conference is one of the most comprehensive
looks we have of the Maine real estate climate. Here are some highlights
from the recent conference.
F O C U S S TA R T S O N F O L L OW I N G PA G E
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S O U R C E : Malone Commercial Brokers S O U R C E : Vitalius Real Estate Group
SOUTHERN MAINE RETAIL VACANCIES, AVAILABLE SQUARE FOOTAGE
THE PORTLAND INDUSTRIAL MARKET
S O U R C E : NAI The Dunham Group Industrial Market Survey
RISING PRICE OF MULTI-FAMILY HOUSING IN SOUTHERN MAINE
Vacancy
rate:
1.84%
2016 2017 2018 2019
$98K $103K $124K $144K
2016 2017 2018 2019
$97 $120 $133 $160
PRICE PER UNIT PRICE PER SQUARE FOOT
2019
Total market size:
19.1 million ft
2
2018 Totals:
245,733 ft
2
Maine Mall:
9,200 ft
2
2019 Totals:
76,131 ft
2
Direct vacancy:
352,552 ft
2
Number of
buildings:
593
2018
Falmouth
Shopping Center:
6,537 ft
2
Falmouth
Shopping Center:
13,495 ft
2
Cabela's plaza:
11,400 ft
2
Cabela's plaza:
9,000 ft
2
Clark's Pond:
16,316 ft
2
Clark's Pond:
24,060 ft
2
Pine Tree
Shopping Center:
32,678 ft
2
Pine Tree
Shopping Center:
28,648 ft
2
Maine Mall:
125,200 ft
2
Toys R Us Plaza:
0 ft
2
Toys R Us Plaza:
5,330 ft
2
