The economic indicator that measures the health of Maine’s real estate sector will be revealed on Thurs., Jan. 19 at a day-long conference of the Maine Real Estate & Development Association (MEREDA), expected to draw more than 700 from the industry. “We expect this edition of The MEREDA Index to reveal changing market conditions and emerging trends for the first time in a while,” said Paul Peck, president of the board of MEREDA and an attorney at Drummond & Drummond.
The MEREDA Index is compiled biannually and is widely regarded as the primary tool for insiders to track changes in the market. “Maine’s economy is very dependent upon the health of the tourism sector and small businesses, both of which rely heavily on a real estate infrastructure, so this update will have reverberations for the entire state,” explained Peck.
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, office, retail and 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 2017 MEREDA Forecast Conference, set for 9:00 am on Thurs., Jan. 19 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.
