MEREDA – The Portland Press Herald

Lack of huge office-property sales causes dip in MEREDA Index

The index, which measures the strength of Maine’s commercial real estate market, fell 9 points to 91 from the autumn of 2015.

Analysts say the stage is set for new construction and spillover activity outside the city.

A TD Bank economist warns, however, of the effect a depressed Canadian dollar will have on Maine’s economy.

Analysts expect demand to cool some in 2016, while single-family homes will continue a slow rise.

by Staff Reports January 21, 2016January 22, 2016

There’s almost zero vacancy on Commercial, Fore and Exchange streets.

by From Staff Reports January 21, 2016January 22, 2016

Hotels on the peninsula reported a 70 percent occupancy rate – well above the state and national averages.

Brit Vitalius, president of the Southern Maine Landlord Association, expects demand to cool some in 2016.

The index measures commercial, residential and construction activity.

by Staff Reports January 21, 2016January 22, 2016

More than 800 jobs have been created at the sprawling site since the Navy left in 2011.