Title

Space Crunch: With Commercial Space in Short Supply, Companies Look Beyond Portland

Authors

Laurie Scheiber

Source

Mainebiz

Date

7-11-2016

Pages

21-23

Abstract

The vacancy rate for industrial real estate in Portland is 4% in 2016, which is prompting businesses to look to other towns in the Greater Portland area, namely Westbrook, Scarborough, South Portland, Saco and Biddeford. In Portland, rather than building new structures, it has been more cost effective to re-purpose old buildings.

Subjects

Commercial real estate, City planning

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