Market Monday: February 2020 Industrial
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.
Ending 2019 strong and coming into 2020, occupancy rates for industrial properties remain at a historic high. Many of the properties that do remain vacant share a common thread: they just can't keep up with the times. The type of company looking for industrial space is changing and older properties are finding it harder to adapt to the need for more electricity and updated bays. Functional obsolescence in existing stock is causing more and more owner/users to either build brand new facilities for their production and distribution needs or to build additions to existing buildings to try and bring them up to date.
With all of the available square footage and industrial investment on the rise in New Hampshire, 2020 is shaping up to be a good year for the sector.
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