The Price Is High. The Buyers Are Gone.
3 Key Takeaways: A building can survive its owner and still never be worth what that owner insisted. That is the uncomfortable part of selling commercial real estate. Concrete lasts. Conviction, unfortunately, does not establish market value. An owner may have spent decades maintaining a property, replacing its roof, navigating tenant problems, and remembering what…
New, Creative Projects Nearby
There are a lot of creative housing projects in the works in the New Hampshire seacoast and they all have a similar theme – increasing density. It’s no secret that New Hampshire is experiencing a housing crisis. A severe lack of inventory has caused prices to surge, leaving both buyers and renters in a bind. From…
How Much Is My Land Worth?
This is a very simple question that I wish was a simple rule of ‘x dollars per acre’, but there are so many different factors to consider in determining land value. Let’s take the following example in the community that one of our agents currently lives in, of Dover, New Hampshire. Here are three lots that…
Residential Rental Rates
Low inventory, less than 1% vacancy rates, and higher rents have created a very challenging market for New Hampshire renters. According to almost all public and private sources, the housing shortage in the rental market is as acute as the shortage in the single family home sale market. This shortage spans the entire range of product,…
Local Trends Explained
The Boston-Cambridge-Newton Market, or as we call it, Seacoast & Northshore Market, is #1 in Buyer Activity in New Hampshire for 11 straight quarters. It is also the only market in the state that has a commercial inventory “demand surplus”. It doesn’t take a commercial real estate expert to recognize that this is a market…
Off-Market Commercial Listings
Residential agents are required to enter properties on the Multiple Listing Service (MLS) within one business day of marketing a property to the public. Public marketing includes, but is not limited to: Flyers displayed in windows yard signs Digital marketing on public-facing websites Brokerage website displays Digital communications marketing (email blasts) Multi-brokerage listing sharing networks…
Staffing Problems and Creative Solutions
It is tough to imagine that less than two years ago there were five unemployed people in the United States for every job opening. Now we have only 0.7 unemployed to job openings. This means that if all the 6.3 million people who were unemployed filled the job openings, there would still be 2.7 million open…