Verani Realty Commercial Division

Market Monday: February 2020 Office

This is the first weekly installment of “Market Monday” and to kick it off, we’re taking a quick peek at some trends in the Office sector for February for NH.

It looks like properties weren’t hanging out on the market for nearly as long in February, with an average days on market (D.O.M.) of 184 compared to January’s average of 394 days. Brokers in NH also reported an average lease rate of $16.34psf, which is 112% of the asking lease rate. The same trend could be seen in sale prices, with an average reported sale coming in at 109% of the asking price.

Overall it seems the New Hampshire market is relatively steady and we’re already looking at a strong March just a couple of days in.

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