Even with a strong Holiday season at the end of 2019, brick and mortar stores have been struggling to increase in-store sales and compete with online giants. Coming into 2020, experts anticipated that there were going to be a number of store closings in addition to the previously announced upcoming closings.
In this installment of Market Monday, we're looking at industrial properties in New Hampshire through the beginning of 2020 and how they may fair through the first half of the year.
Lucciano‘s Italian Ristorante & Bar has leased 5,100+/- SF adjacent to Shaw’s Supermarket. Owned and operated by Tina and Lou Hatsiandrou the new space is almost triple the size of their previous restaurant where they built up a local following and reputation for offering gluten free pastas and baked goods for 20 years. The new restaurant has 164 seats and a custom-designed wooden bar top that seats an additional 18 guests.
Verani Realty Commercial Division, Londonderry, NH - 03.09.2020 - Berkshire Hathaway HomeServices Verani Realty's Commercial Division is excited to announce that Senior Advisors Michael B. Charron and Joan Blais have been recognized for their outstanding achievement within the Berkshire Hathaway national network of real estate agents for 2019.
Multi Family Market Monday update!
While the multi family market remains strong into 2020, February did see a little dip in average selling price AND the number of 4+units sold.
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.
Congratulations to the NH House of Representatives Municipal & County Government Committe for passing HB1629 and HB1632 addressing affordable workforce housing in the State. These bills will be voted on by the full House in the next session.
Berkshire Hathaway Home Services Verani Realty agents, staff and guests gathered Friday night, January 31, for a fun and festive 20s themed evening of dinner, dancing and celebration at the Doubletree by Hilton Hotel in downtown Manchester. The annual event celebrates the top performers for the brokerage in the year prior. The Commercial Division came away from the evening with six awards for its Advisors.
So you have a prime piece of land you want to do something with. You know you can get a good price if you sell it, but something in the back of your mind says “I wonder if it would be better to lease it to someone for 20 years instead?”. Who leases empty land anyway?
This year’s holiday season is looking favorable for retailers. With the economy, household incomes and employment levels holding steady, ICSC is anticipating a 4.9% increase over last year’s $832.3 billion holiday sales. The average American adult is expected to spend nearly $700 on holiday-related items including gifts and decorations.
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