A real estate analyst expects higher lease rates and new development in 2016.

Hotels on the peninsula reported a 70 percent occupancy rate – well above the state and national averages.

Brit Vitalius, president of the Southern Maine Landlord Association, expects demand to cool some in 2016.

There's almost zero vacancy on Commercial, Fore and Exchange streets.

More than 800 jobs have been created at the sprawling site since the Navy left in 2011.

The index measures commercial, residential and construction activity.

Demand for prime space and a shrinking vacancy rate have a real estate brokerage predicting new development efforts on the eve of an annual forecasting conference.