Pandemic creates winners and losers in Maine’s commercial real estate market

January 21, 2021

…Ten months into the coronavirus pandemic, Mainers are still adapting to a shifting economic environment. Amid a second wave of infections, and with vaccine relief seemingly within reach, the effects of the pandemic are becoming more clear.

In a typical January, the Maine Real Estate and Development Association (MEREDA) would hold its annual forecast meeting before a crowd of a thousand at Portland’s Holiday Inn by the Bay. Experts would opine about their various sectors and specialties. Booths would be set up downstairs for a trade show. Bankers, brokers, architects, engineers, attorneys, buyers and sellers would mingle and network.

This year, that annual event takes place Thursday in a virtual format. Presenters taped their spiels earlier this month at O’Maine Studios on Danforth Street. Shannon Richards of Hay Runner and Craig Young of The Boulos Company – vice presidents of MEREDA – will serve as hosts...READ MORE