We are pleased to announce a new addition to our brokerage team! Sam LeGeyt joins us with experience in the Greater Portland office and investment markets. Prior to joining The Dunham Group, he was a broker at Harnden Commercial Brokers. Sam is a graduate of UNH’s Peter T. Paul College of Business and Economics and… » Read more
Here is a summary of the talking points from MEREDA’s annual Forecast Conference yesterday; 900 people were in attendance! Justin Lamontagne delivered his annual Southern Maine Industrial Forecast and unveiled our 2018 Industrial Market Survey. Download your own copy here!
The Maine Real Estate & Development Association (MEREDA) will hold their annual Forecast Conference one week from today – Thursday 1/18! As always, Justin Lamontagne, CCIM, SIOR will deliver the Southern Maine Industrial Forecast and he will unveil our annual Greater Portland Industrial Market Survey. Register here and come see us at Booth #4 to grab your copy… » Read more
We are pleased to announce that Justin Lamontagne has earned the prestigious Society of Industrial & Office Realtor’s (SIOR) designation. SIOR is the leading global professional office and industrial real estate association. Justin now becomes only the 5th broker in the state of Maine to carry both CCIM (Certified Commercial Investment Member) & SIOR honors.
NAI The Dunham Group is pleased to announce that the Portland City Council unanimously approved the contract to sell the City-owned 1.1± acre parcel of land located at 0 Hancock Street to Jonathan Cohen of 0 Hancock Street LLC. The developer has an agreement to lease a new 100,000 square foot glass headquarters building to… » Read more
We are very pleased to announce that the Maine Commercial Association of REALTORS (MCAR) has named Katie Millett their 2017 REALTOR of the Year! Katie Millett joined NAI The Dunham Group in 2005. Before joining the company, Katie practiced law concentrating primarily on real estate transactions. Katie graduated from the College of Charleston in South… » Read more
The southern and central Maine retail markets remain healthy in 2017, although there is substantial future uncertainty in the anchor store sector. Overall vacancy continues to decline, averaging around 3.5%. This has been a steady trend as shopping center overdevelopment from the 2000’s has finally been absorbed. As a result of this vacancy, lease rates… » Read more
Overall, the Greater Portland Office market remains stable. There are currently over 1.5MM square feet of office space available for lease in the Greater Portland market. While this sounds like a large number, the vacancy is primarily concentrated into several large buildings located along the Congress Street corridor. The approximate average asking lease rate for… » Read more
The industrial market has continued its very strong pace this Spring, and there looks to be no slowing it down this Summer. We are working diligently to find new inventory to work with and create some opportunities for both landlords and tenants. The high demand and low inventory levels in the greater Portland area has… » Read more
On June 29th, New England Real Estate Journal will hold their 2017 Summit – Northern New England State of Commercial Real Estate at the Portsmouth Harbor Events & Conference Center. Justin Lamontagne will a part of the panel of speakers at this event! Register here.