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Lack of commercial spaces in Bangor is restricting city s growth

In 2023, about 6 percent of Bangor’s office and retail spaces were vacant while the industrial market vacancy rate was less than 2 percent,

2022 Forecast: Even with remote work, Bangor s office space in short supply

Greater Bangor is seeing tight vacancies in the office, industrial and housing sectors. That’s leading to renovations and new construction.

Commercial development in 2021: From retail reboots to ghost kitchens, here s what s trending

Greg Day, TDB LLC, Westbrook Image Greg Day Development with a purpose: “Through COVID, I’m seeing a renewed emphasis on real estate investments that improve communities. Combining social impact with social infrastructure is a powerful combination that can garner widespread stakeholder support and create essential assets to communities or regions with longevity. The master-planned development in Westbrook is a great precedent with these attributes combining food production, job creation, city infrastructure and housing in an urban setting.” Bev Uhlenhake, Epstein Commercial Real Estate, Bangor Image Bev Uhlenhake Business, landlord cooperation: “Many businesses and landlords in Maine worked together to keep businesses afloat last year. This early cooperation will allow both groups to survive and thrive in 2021.”

MEREDA annual forecast conference looks different, but focus is the same

The 2021 Annual MEREDA Forecast Conference & Member Showcase took on a different look this year, but with the same focus on its goals its had for the past 17 years, organizers said. The conference, which usually attracts more than 1,000 real estate and development professionals from across Maine, took to the internet Thursday, and while no final registration numbers were immediately available, with a week to go, 500 had registered. MEREDA Board President Josh Fifield acknowledged that no one would have to trudge through the snow to the Holiday Inn by the Bay in Portland to get to the conference. This year is different, he said. No trudging and, unfortunately, no being together in the room.

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