NH office construction pipeline runs thin - NH Business Review
The amount of available office space in New Hampshire is shrinking and becoming more expensive to lease due to a lack of new construction and higher demand that is still trying to find its footing post-COVID. The office vacancy rate statewide fell to 10.3% in the third quarter, down 3.1% from a year ago, and average asking rent rose to $22.28, up 1.7% from a year ago, according to a Colliers study.
The amount of available office space in New Hampshire is shrinking and becoming more expensive to lease due to a lack of new construction and higher demand that is still trying to find its footing post-COVID. The office vacancy rate statewide fell to 10.3% in the third quarter, down 3.1% from a year ago, and average asking rent rose to $22.28, up 1.7% from a year ago, according to a Colliers study.
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