Self Storage in Maine, Investment Vertical with Growing Demand Throughout 2020 and 2021, self-storage development has dominated both urban and suburban markets. There are, 50,000± self-storage units in the U.S. (90 percent of the global market), only 8.3-percent of which were vacant in 2020. Statista predicts global revenue in the sector is predicted to
Real Estate Articles
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Central Maine Real Estate Weathering Pandemic, Poised For Growth The 2020 real estate market in central Maine has faced pandemic-related challenges, just like the rest of the world. The good news: while the market faced many challenges in 2020, central Maine is in a position to come out of a tough year and make
Successful agents and investors in this market are facilitating transactions quietly and under the radar. These types of off-market deals have become the preferred method by which commercial and industrial real estate deals are handled in The Greater-Portland Area. Competent commercial brokers avoid publicly listed buildings for the most part. There is no need. The
COVID-19 has swept through most of the United States, leaving a trail of uncertainty among real estate professionals. Banks are hesitant, tenants are scared, and investors are floating in a Coronavirus shutdown-induced limbo that will take time to dissipate. Both the commercial and residential real estate markets are functioning and transactions are being completed, but
Maine leads New England with 900 megawatts of installed wind capacity, by far the most in the region. However, our state produces only around 55 megawatts worth of solar energy–the least in New England. The new goal: more than 400 megawatts of distributed solar power and numerous updated guidelines making it easier for both residential
Did you know Lewiston, Maine, just logged one of the city’s largest sales of all time at a cool $6.38-million dollars on a 20,000 sq.-ft. property, “The Lewiston Gateway”? This purchase is just one of many signs that the Lewiston-Auburn metro area is already seeing major growth, and more is on the way.