Industrial rents are going way up. The days of buildings on I-495 that rent for $3.00-$5.00 per s/f are gone, probably forever. Why is that happening, and what should we expect moving into the future? The way to understand where rents are going is to understand what kinds of landlords own the real estate
I recently completed a survey of the Southern New Hampshire and Seacoast industrial property markets that included Hillsborough County, Rockingham County and Merrimack County. The data I used included information from CoStar Analytics, the results are bulleted below. The search criteria for those counties included industrial
As growth continues at a staggering rate, entering the industrial market for the first time is becoming less risky and more advantageous for traditional commercial office, retail, and hospitality developers.
After the roller coaster that was 2020 (remember the Great Pause of March/April 2020?!), we settled into a more traditional industrial sector experience in 2021. That is to say, it was nuts. Our decade run of increasing demand and decreasing supply continued and we see no signs of material change in the coming year.
As a real estate attorney specializing in eminent domain litigation for 40 years or so, I have seen changes in many aspects of the real estate business, both inside and outside of the courtroom. I have worked with and against countless real estate appraisers on all
Depending where you’re standing in the topsy-turvy world and through this pandemic, that doesn’t seem to want to go away, your view will be positive or negative.
We hoped that 2021 would see an end to the pandemic, and that we would be returning to “normal” in a post-COVID society. Yet here we are at the beginning of 2022, still waiting, while the global pandemic continues to create challenges for the commercial real
Welcome to 2022. This January is not an episode of ground hog day even if it feels like it. We are now two years into this pandemic and it has upended everything in our lives and in the construction industry. The way we live, shop and work or learn has changed and seems to be ever changing. We have made
The New Hampshire market finished the year with a strong quarter, seeing multiple transactions in the industrial and office sectors. That said, the two categories are moving in different directions. The industrial market continued to tighten as its vacancy rate fell by
When I called CBRE’s New England research director to ask about events that I could “Zoom into” to gather data for a 2022 kick-off story, I was told that we would receive the following market summaries:
