The Boulos Company 40 C E L E B R A T I N G Y E A R S 1975 – 2015 MEREDA’s 2015 Annual Forecast Conference ������������������������������ Nate Stevens, Broker January 22, 2015 THE MARKET MARKET SIZE Downtown Portland: 4,472,020 SF Maine Mall Area: 2,104,811 SF Suburban Portland: 1,922,243 SF Medical: 1,153,797 SF Falmouth, Cumberland, Yarmouth: 910,207 SF Scarborough, South Portland: 778,826 SF Westbrook: 596,148 SF ������������������� ���������������������� 40 C E L E B R A MEREDA’s 2015 Annual Forecast Conference T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company
THE MARKET HIGHLIGHTS ��������������������������������������������� Drop in overall vacancy rate for 4 TH consecutive year 50,010± SF in positive net absorption, large decline from last year Number of transactions continue to increase year after year from low in 2009 First signi � cant increase in asking rates since 2009 Tenant’s market, leasing incentives prominent in most submarkets 40 C E L E B MEREDA’s 2015 Annual Forecast Conference R A T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company THE MARKET ������������� Suburban market outperforms downtown market ������������������������������������������� 14 % 12 10 8 6 4 2 0 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 Downtown Suburban 40 C E L E B R A MEREDA’s 2015 Annual Forecast Conference T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company
������������������������� ������������� �������� 30 % 25 Downtown 20 30 % 15 25 10 20 5 15 0 Portland Boston Cambridge Hartford Providence 10 5 0 Portland Boston Hartford Providence 2013 2014 40 C E L E B MEREDA’s 2015 Annual Forecast Conference R A T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company THE MARKET ������������� ����������������������������������� 14 % 12 10 8 6 4 2 0 Downtown Suburban Falmouth Westbrook Maine Scarborough Medical Portland Portland Cumberland Mall So Portland Yarmouth Area 2012 2013 2014 40 C E L E B R A MEREDA’s 2015 Annual Forecast Conference T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company
������������ ����������������������������� ������������������� 27 Pearl Street Putney Inc Northeast Bank 25,340± SF 9,723± SF CBRE | The Boulos Company CBRE | The Boulos Company Tony McDonald Greg Boulos Paragon Commercial Real Estate Malone Commercial Brokers Deb Napolitano Joe Malone 25 Pearl Street ������������������� Cashstar Healthcare Information and 21,550± SF Management Systems Society (HIMSS) 9,226± SF CBRE | The Boulos Company Tony McDonald Malone Commercial Brokers Nate Stevens Matthew Barney Malone Commercial Brokers NAI/The Dunham Group Joe Malone Tom Moulton Jen Small 40 C E L E B MEREDA’s 2015 Annual Forecast Conference R A T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company ������������ ������������������������������������� ������������������� ������������������� Kepware Technologies United States Postal Service Expansion and renewal Renewal 11,123± SF 8,958± SF CBRE | The Boulos Company CBRE | The Boulos Company Tony McDonald Tony McDonald Craig Young �������������� Ty Hobbs Certify Expansion and renewal 9,670± SF CBRE | The Boulos Company ��������������� Drew Sigfridson Maine Today Media Downsize and renewal ������������������� 19,200± SF Raymond James & Associates Expansion and renewal 8,160± SF Paragon Commercial Real Estate Deb Napolitano Malone Commercial Real Estate Joe Malone Jen Small 40 C E L E B R A MEREDA’s 2015 Annual Forecast Conference T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company
������������ ����������������������������� ��������������������� ������������������ South Portland ��������� DHHS Hearst Properties 75,000± SF 20,500± SF Malone Commercial Brokers John Doyan Compass Commercial Brokers Steve Baumann ���������������������� ���������������� South Portland ��������� Disability RMS Bio-Medical Applications of Maine 65,000± SF 15,000± SF NAI/The Dunham Group NAI/The Dunham Group Tom Moulton Chris Craig Newmark Grub Knight Frank Tom Moulton Patrick Duffy ���������������������� ����������������������� Portland ����������� Spurwink Services Maine Medical Center 34,956± SF (sublease) 14,000± SF CBRE | The Boulos Company Malone Commercial Brokers Tony McDonald Peter Harrington Charles Day 40 C E L E B MEREDA’s 2015 Annual Forecast Conference R A T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company ������������ ������������������������������������� ���������������������� 82 Running Hill Road South Portland South Portland Sappi Fairchild Semiconductor Downsize and renewal Downsize and renewal 55,000± SF 36,703± SF Jones Lang LaSalle Malone Commercial Brokers Brooks Murphy Matthew Barney Harnden Commercial Brokers Jim Harnden 40 C E L E B R A MEREDA’s 2015 Annual Forecast Conference T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company
����������� �������������������������������� ������������������� ������������������� 66,215± SF available 26,150± SF available ���������������� ������������������� 50,400± SF available 46,510± SF available 40 C E L E B MEREDA’s 2015 Annual Forecast Conference R A T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company ����������� �������������������������������� �������������������� 82 Running Hill Road ��������� South Portland 134,349± SF available 38,548± SF available (sublease) �������������� ������������������ ����������� South Portland 38,390± SF available 53,640± SF available 40 C E L E B R A MEREDA’s 2015 Annual Forecast Conference T I N G Y E A R S 1975 – 2015 southern maine office forecast | 2015 | nate stevens The Boulos Company
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