Commercial Real Estate News – Portland, Maine
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Mid-Year Update : Greater Portland Office Market Survey
We’re seeing meaningful signs of stabilization in the Greater Portland office market. Overall office vacancy improved to 13.11%, down from 14.09% at year-end 2024, while the average asking rate remained essentially flat at $20.32/SF. While the overall market is approaching equilibrium, we’re seeing a divide between the Downtown and Suburban markets. The suburban market has…
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Justin Lamontagne Named President of Portland Rotary
Our Designated Broker/Partner, Justin Lamontagne, CCIM, SIOR has been named President of the Portland Rotary Club for the 2026–2027 Rotary year. Justin has been a member of Portland Rotary since 2011, he officially assumed the role in July and will lead one of Maine’s oldest and most active Rotary clubs. As President, he will guide…
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Southern Maine Industrial Market : 2026 Mid-Year Review
We are pleased to release our 2026 Southern Maine Industrial Market Mid-Year Review, offering a look at current trends shaping Maine’s industrial real estate market. The report finds that while industrial vacancy has risen to its highest level since 2013, the market remains fundamentally healthy and is transitioning from a landlord-favored environment to a more…
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Welcome Greg Perry!
We are pleased to announce that Greg Perry has joined the firm, bringing more than 20 years of experience in commercial real estate across Maine. Greg has built a distinguished career representing tenants, landlords, buyers, and sellers in a wide range of transactions. Prior to joining The Dunham Group, he spent 16 years at Cardente…
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How artificial intelligence is shaping the future of commercial real estate in Maine.
The rise of AI in commercial real estate is already here, quietly absorbing the administrative weight that has long defined our days: lease abstractions, comp searches, financial modeling, market reports, and the endless email threads that accompany every transaction. What AI is particularly good at is reducing the friction between the origin of an idea…
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The Dunham Group Brokers $23.5M Office Sale — Largest in Maine Year-to-Date
The Dunham Group is pleased to announce the successful brokerage of a $23.5 million office investment sale, marking the largest office transaction in Maine so far this year. Tom Moulton, Katie Breggia, TC Haffenreffer and Sylas Hatch brokered the sale. This milestone deal underscores continued investor confidence in well-located, high-quality office assets across the state.…
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2026 Southern Maine Industrial Market Survey
We are pleased to announce the release of our 2026 Southern Maine Industrial Market Survey, marking the 15th year of our report and a major milestone in Maine market research. The 2026 Survey now tracks over 36 million square feet of industrial inventory across 17 Southern Maine communities, a dramatic expansion from the original 15…
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Woof Play Eat Coming to Portland
Exciting news for Portland! A fun new destination for both four-legged friends and their humans is on the way. The indoor dog park–with human amenities–called Woof Play Eat has leased 15,090 SF at 49 Northport Drive. The lease was brokered by Sylas Hatch and TC Haffenreffer here at The Dunham Group. The building still has…
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Westbrook Industrial Property Sells for $13M in Off-Market Deal
We’re pleased to share that our brokers—TC Haffenreffer and Sylas Hatch—successfully represented the buyer in the off-market sale of a prime industrial property at 22‑48 Spiller Drive in Westbrook, which closed for $13 million. The property comprises of 134,000 square feet on 9.47 acres. Steve Baumann of Compass Commercial Brokers and Josh Soley from CORE represented the…
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Bryan Plourde, MAI, Featured in Valuation Magazine
Big Congrats to our broker, Bryan Plourde, MAI, for being featured in Valuation Magazine—a well‑deserved recognition of his dedication, expertise, and contributions to the valuation profession. Your commitment to excellence continues to raise the bar. We couldn’t be prouder to have you on our team, Bryan! READ THE FEATURE HERE.
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South Portland Food Cupboard : A Meaningful Move
After a dedicated 4-year property search, we’re thrilled to have helped the South Portland Food Cupboard find a new home that doubles their space and allows them to meet growing community demand. The rear warehouse at Jetport Plaza—a smart repurposing of an underutilized retail space—was the perfect fit. Last year, the South Portland Food Cupboard…
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Industrial & Office Market Mid-Year Review
We are pleased to share our 2025 Southern Maine Industrial & Office Market Mid-Year Review. The Mid-Year Review includes insightful analysis on the industrial market from Designated Broker and Partner Justin Lamontagne, CCIM, SIOR, and on the office market from Broker and Partner Sam LeGeyt. Read the Mid-Year Review at the link below.
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Mandy & Matt’s Café Opens at 1160 Forest Avenue
Congratulations to Mandy & Matt’s Café on their recent purchase of 1160 Forest Avenue in Portland — formerly home to Samuel’s Bar & Grill! This transition is an exciting boost for Portland’s restaurant scene and a welcome addition to the Morrill’s Corner neighborhood. Joe Atwood of The Dunham Group represented the buyers, and Stanley J.…
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2025 Greater Portland Office Market Survey
Our 2025 Greater Portland Office Market Survey is now available. The office market in 2024 remained relatively stable compared to 2023 in terms of deal volume, total square feet leased, and overall vacancy. However, a steady decline has been evident since pre-pandemic levels. Since 2018: • Deal volume has decreased by 30%• Square footage leased…
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2025 Southern Maine Industrial Market Survey
We are pleased to announce the release of our 2025 Southern Maine Industrial Market Survey. Staying true to our commitment of delivering a comprehensive and insightful report, this 14th edition of the survey once again expanded our geographic coverage. This year we inventoried an additional 2,100,000± SF, adding 45 buildings in Sanford and Wells. Justin…