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Greater Portland/Southern Maine

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI The Dunham Group
Last Updated: 2-Nov-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 16.00 $ 21.00 $ 20.25 5.0% N/A
Class A (Prime) $ 15.00 $ 18.00 $ 17.00 6.0% N/A
Class B (Secondary) $ 8.00 $ 15.00 $ 12.50 11.5% N/A
 
Suburban Office
New Construction (AAA) $ 14.00 $ 18.00 $ 16.00 5.0% N/A
Class A (Prime) $ 10.00 $ 14.00 $ 13.00 8.0% N/A
Class B (Secondary) $ 8.00 $ 10.00 $ 9.00 9.0% N/A
 
Industrial
Bulk Warehouse $ 2.50 $ 4.50 $ 3.50 5.0% N/A
Manufacturing $ 3.50 $ 5.25 $ 4.25 5.0% N/A
High Tech / R&D $ 4.75 $ 8.00 $ 6.00 3.0% N/A
 
Retail
Downtown $ 16.00 $ 30.00 $ 25.00 5.0% N/A
Neigborhood Service Centers $ 10.00 $ 18.00 $ 14.00 5.0% N/A
Community Power Center $ 10.00 $ 22.00 $ 16.00 5.0% N/A
Regional Malls $ 18.00 $ 50.00 $ 30.00 4.0% N/A

Development Land Low () High ()
Office in CBD $ 18 $ 25
Land in Office Parks $ 150,000 $ 200,000
Land in Industrial Parks $ 125,000 $ 150,000
Office/Industrial Land - Non-park $ 70,000 $ 150,000
Retail/Commercial Land $ 250,000 $ 750,000
Residential $ 65,000 $ 300,000

 

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