Pandemic creates winners and losers in Maine’s commercial real estate market
Grocery and home improvement stores, as well as industrial spaces, are booming, but many restaurants have closed and new office development has ground to a halt.
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A “for lease” sign stands outside a building at Monument Square in Portland on Wednesday. Although many commercial real estate sectors appeared to be in dire straits last spring, some, such as industrial and residential buildings, are more in demand now.
Derek Davis/Staff Photographer
Tim Soley closed on three Old Port buildings Wednesday, two on Middle Street and another on adjacent Canal Plaza. They represent his first commercial real estate purchases in more than a decade.