News

Negotiating an Office Lease

Negotiating a lease can be very complex and with all the commercial real estate and law jargon, if this is not your area of expertise, it can be especially difficult to know what to look for. We highly recommend using a Commercial Real Estate broker and attorney to...

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2019 Greater Portland Outlook

2018 Office Market Overview Overall vacancy for Suburban and Downtown Portland decreased from 6.4% Mid Year to 5.35% Year End 2018, with a total positive absorption of 109,844 SF.  Vacancy was down in each submarket since Mid Year 2018 (Class A & B Downtown...

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Workplace Trends in Downtown Portland

Growing Demand for Co-Working Space As small office space becomes harder to find in downtown Portland and a large expense for small businesses and start-ups, many entrepreneurs are moving towards co-working spaces as a good, flexible alternative. These small business...

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Top Five Tips for Leasing Space

Real Estate Timeline: It is important to be aware of your upcoming lease expiration date so you can begin searching for space and allow time for negotiation. Depending on the size of the lease, tenants should typically begin the process 6-18 months prior to lease...

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Waterfront Development Ban & New Zoning in Portland

The Portland City Council voted in December for a six-month moratorium to ban development in the Central Waterfront District.  According to MaineBiz, "The city said in a news release that it made the proposal in response to 'significant overburdening of parking,...

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Recent Upgrades Boost Activity at Southborough Office Park

Southborough Office Park has recently undergone landscaping improvements to the courtyard area, these in addition to the lobby/restroom upgrades in the past few years along with amenities such as an on-site cafe and facilities management, have contributed to the increased activity and low vacancy at this suburban office park.

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Office Market Trend: Larger Office Leases

The number of office leases completed in Portland and the greater suburbs in the 3rd quarter of 2017 and 2018, compared to the 3rd quarter of 2016 has decreased, however the average square footage leased per deal has increased.

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Bottomline Technologies Expands in South Portland

PORTSMOUTH, NH (September 24, 2018) – Bottomline Technologies (NASDAQ:EPAY), a leading provider of financial technology that helps make business payments simple, smart and secure, today announced its expansion to a new office space in South Portland to support its continued growth.

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