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.
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