Appraisal Reviews
Appraisals
Consulting

collage1a

MEREDA Index Update- May 2016

Tuesday, September 13th, 2016

Quoting from MEREDA News, the “Maine Real Estate & Development Association announced that the latest MEREDA Index had achieved a healthy 91, indicating that as Maine sales continue to achieve high water marks for sales prices and square footage sold, there will be strong fluctuations from release to release. The MEREDA Index is an economic metric that measures the health of Maine’s commercial real estate market twice annually relative to pre-recession 2006 levels.

The previous MEREDA Index numbers came in at 100 and 110, in the fall and spring of 2015 respectively. Previous to that, the four MEREDA Indexes completed to date, between spring 2013 and fall 2014, had not managed to top 80.

While the MEREDA Index has dropped from the previous two releases, that relates to the effect of the three large transactions – One and Two Portland Square and 100 Middle Street, all in Portland – primarily felt in the commercial component of the Index and, more specifically, square footage sold.”

image_print



© 2018 Eastern Appraisal and Consulting, Inc. : Portland, Maine, All Rights Reserved | Web Hosting Provided by Maine Hosting Solutions