Commercial real estate activity declines in Maine

Lackluster commercial real estate sales and lease transactions during the past six months depressed the overall activity in Maine’s real estate market, though residential activity and construction employment nudged up, a real estate group said. The index, which has a base number of 100, was at 100.1 for the first three months of 2019 compared with 100.4 in the first quarter of 2018. It declined by 2 percent over the past six months and was down 3.4 percent over the past year, both attributable to lackluster commercial real estate activity.