Cold Grey Shell, Warm Vanilla Shell...what's the difference anyways and are there more shades and temperatures?
For all of the continued reporting that retail is dead and won’t ever come back to pre-COVID levels, or that all the tenants have gone away, it’s a wonderfully positive and inspiring contradiction we are experiencing in New Hampshire. It’s not just New Hampshire, either - we are seeing the same thing in many parts of New England and across the United States.
WOW déjà vu. Another Spring Forecast has arrived. It seems weird writing this after battling through a year of COVID-19 and all the changes that have followed. Yet, remarkably, we have adapted. Truthfully, New Hampshire has fared well in comparison to other states. Even with following the “protocols” we can still meet tenants, brokers, buyers and sellers on site and conduct business. While February has brought us several snowstorms, we are all looking forward to spring. It will be here before we know it, and as it always does it will bring a wave of optimism, especially with more and more people being vaccinated. There is so much pent-up demand to shop, eat, mingle, and get out and about.
Real estate professionals are always sharing tips and tricks for running a successful real estate business. A Google search of “tips for landlords” delivers over 20 million results; that’s a lot of advice to sift through. However, not every suggestion is applicable to every landlord or property, as no real estate business is the same as the next.
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!
So many terms are used for this new wave of technology that we're on the precipice of...we have Fintech, Proptech, Insurtech, Wealthtech, Regrech, Legaltech, Femtech, Foodtech and the list goes on.
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.
The industrial market is kind of in a strange place right now. It is faring better than the majority of the commercial real estate sectors, which is certinaly a positive. It seems that perhaps the sudden increase in the amount of e-commerce and online ordering has helped the industrial sector find its footing again.
The annoyance with these emails is even further exacerbated by the fact that it is VERY possible that your household was effected by all of the shutdowns due to COVID-19. According to the Fed 20 percent of all employed people were laid off or furloughed in March along with an additional 6% who were working reduced hours or on forced leave without pay.
|Newer Posts||Older Posts|