From the Editor: Maine’s real estate now in a constant state of change
We’ve seen a number of real estate trends over the past 18 months, but one thing is constant: change.
The pandemic drove people out of cities and into Maine. A red-hot market for existing homes fueled an increase in building permits. Demand for more flexible office space kept brokers and builders working hard to adapt.
Case in point, as Renee Cordes reports in our cover story, Maine’s employers are coming up with new and creative ways to convert spaces for workers returning to the office. See “Space odyssey,” which starts on Page 14.
Some of Maine’s largest development projects have depended on a small inspection company that has been largely unknown, until now. See “Taking it to the bank,” which starts on Page 20.
As we indicated, the tight market for existing homes has potential buyers turning to new home construction. The number of building permits issued is on pace to be at the highest level since 2006, during Maine’s last building boom. See “”Squeezed home market also fueling rise in building permits,” on Page 24.
Photographer Tim Greenway has been a Mainebiz contributor for a decade and a half. He has been observing changes in the Portland skyline. For this issue, in addition to the feature photos he’s done, he presents a months-long chronicle of the changes on one downtown Portland block. See “View from above” on Page 26.
This issue also features lists of Maine’s largest engineering firms (on Page 27) and Maine’s largest architecture firms (on Page 34).
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