|FOR IMMEDIATE RELEASE|
|December 30, 2015|
|Index of Maine's commercial real estate performance to be revealed Jan. 21
Trade association for Maine’s commercial real estate industry to gather for annual conference
|PORTLAND, Maine (Dec. 30, 2015) - The economic indicator of Maine’s commercial real estate activity for the third quarter of 2015 will be revealed on Thurs., Jan. 21 at a day-long conference of the Maine Real Estate & Development Association (MEREDA), expected to draw more than 700 from the industry. The MEREDA Index is compiled biannually to measure the pulse of the state’s real estate sector and is the primary tool for insiders to track changes in the market.
“Since we introduced The MEREDA Index two years ago, people anxiously await its release,” said Michael O’Reilly, president of the board of MEREDA and senior vice president in the commercial banking group at Bangor Savings Bank. “We’ll unveil The MEREDA Index at our conference in just a few weeks, which is a great opportunity for real estate experts from across the state and the region to network and learn.”
The conference will also feature more than half a dozen forecasts of future market activity by property type and geography. Presentations are expected from top experts in the following categories: Maine’s vacation and hospitality industry, southern Maine industrial, southern Maine office, southern Maine retail and southern Maine residential -- plus specific forecasts for the midcoast, Bangor area and central Maine markets respectively.
Additionally, MEREDA's popular member showcase will offer an excellent opportunity for marketing of commercial real estate-related products and services.
The annual conference brings together the largest gathering of commercial real estate professionals in Maine, and is well-known as a “must attend” for anyone involved in, or touched by, the real estate industry.
Registration is now open for the 2016 MEREDA Forecast Conference, set for 9:00 am on Thurs., Jan. 21 at the Holiday Inn by the Bay in Portland. The event has been approved for 4.0 hours of real estate broker, legal, architect and appraiser continuing education credits. For more information and to register, click here.
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