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Updated: September 5, 2022

Commercial real estate sales triple in first half of the year

Sale volume of commercial real estate tripled for the first half of 2022, when compared to the first half of 2021, according a mid-year update on capital markets by Chris Paszyc, a partner and broker with the Boulos Co.

The data show there were 25 investment property transactions in Maine for the first half of 2022, totaling a dollar volume of $121.4 million.

That compares with the first half of 2021, when there were 10 transactions totaling $42.7 million.

The scenario is true not only for the company but for Maine in general.

“While we like to think we’re unique here in Maine, these phenomenal results mirror a national trend,” Paszyc wrote. 

However, the trend is not expected to continue, due to upward pricing pressure and interest rate hikes in the future, with a slowdown seen in Q2 2022 following the record numbers of Q1 2022.

To view the full report, click here.

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