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Portland Outdoor Dining, Retail Program Is Back – NECN

Updated 3 hours ago
NBC Universal, Inc.
A program that was liked by many residents, visitors and business owners is coming back for another year in Portland, Maine, in an effort to help small businesses amid the ongoing coronavirus pandemic.
The city s outdoor dining and retail program kicked off April 5 with the closure of several downtown streets. The popular program which covers the entire city and not just the downtown area allows retailers and restaurants to expand into public spaces, including closed streets, parklets, the public right-of-way, and parks.
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Portland-area commercial brokers reflect on a challenging year

Portland area commercial brokers reflect on a challenging year
Retail and office space vacancies in greater Portland went up in 2020, but the industrial space sector remained strong, brokers say.
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Commercial Street saw “quite a bit of activity” on the real estate front despite the pandemic, according to Malone Commercial Brokers.
Michael Kelley / The Forecaster
PORTLAND The greater Portland commercial real estate market has taken a hit from the pandemic, with retail space and office space taking the biggest blows, according to new reports.
Retail vacancy rates in Portland, South Portland, Scarborough, Cape Elizabeth, Westbrook and Falmouth rose from 3.13% in 2019 to 4.04% in 2020 and could rise higher this year, according to a Malone Commercial Brokers analysis. ....

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