Cold Grey Shell, Warm Vanilla Shell...what's the difference anyways and are there more shades and temperatures?
As we prepared to close out 2020, I’m sure many of you reading this thought to yourselves, “Thank goodness, let’s get 2020 over with and move on!” I can’t say that I blame you. It’s understandable that everyone has a different perspective. People have been impacted differently, and perhaps still have feelings of unease surrounding the pandemic, the economy and most importantly family and loved ones.
Our Monthly Market update is a week late (oops!) but the good news is that the stats about December haven't changed since last Monday! The commercial real estate market as a whole isn't expected to rebound fully for a good long while, but there are sectors that have been surviving - even thriving - through the last 10 months!
As we fall into a new month and COVID numbers continue to be on the rise in NH yet again, surprising amounts of leases were signed last month. Perhaps people are trying to get back to a sense of normalcy in the office, and perhaps people are down - or up - sizing their offices based on their needs. Whatever it might be, 39 lease transactions in a single month is something that hasn't been reported since February 2019.
If you're wondering how the office market is faring 6 months after a national state of emergency was declared, look no further!
Market Mondays are backkkk and this week we're looking at offices offices and how recent events have affected how (and where) people work.
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.