Commercial Property Loans in New Hampshire

New Hampshire is a state located in the northeastern region of the United States. It is known for its beautiful landscapes, low crime rates, and high quality of life. The state has a diverse economy that includes manufacturing, healthcare, and tourism. If you are looking to invest in commercial real estate in New Hampshire, there are several financing options available to you.

Economy in Review

New Hampshire has a strong and stable economy. According to the Bureau of Labor Statistics, the state's unemployment rate was 2.5% in May 2021, which is significantly lower than the national average of 5.8%. The state's GDP was $86.3 billion in 2019, with a growth rate of 2.2%. The state's economy is driven by several industries, including healthcare, manufacturing, and tourism.

Multifamily Market

The multifamily market in New Hampshire is strong, with a vacancy rate of 3.4% in 2020, according to the U.S. Census Bureau. The median rent for a two-bedroom apartment in the state is $1,300 per month. Financing options for multifamily properties include conventional loans, FHA loans, and USDA loans.

Office Market

The office market in New Hampshire is stable, with a vacancy rate of 9.6% in 2020, according to the U.S. Census Bureau. The average asking rent for office space in the state is $21.50 per square foot. Financing options for office properties include conventional loans, SBA loans, and CMBS loans.

Industrial Market

The industrial market in New Hampshire is strong, with a vacancy rate of 4.5% in 2020, according to the U.S. Census Bureau. The average asking rent for industrial space in the state is $6.50 per square foot. Financing options for industrial properties include conventional loans, SBA loans, and bridge loans.

Retail Market

The retail market in New Hampshire is stable, with a vacancy rate of 5.7% in 2020, according to the U.S. Census Bureau. The average asking rent for retail space in the state is $16.50 per square foot. Financing options for retail properties include conventional loans, SBA loans, and CMBS loans.

Self-Storage Market

The self-storage market in New Hampshire is strong, with a vacancy rate of 6.9% in 2020, according to the U.S. Census Bureau. The average asking rent for self-storage space in the state is $1.25 per square foot. Financing options for self-storage properties include conventional loans, SBA loans, and bridge loans.

Hospitality Market

The hospitality market in New Hampshire is strong, with a high demand for hotels and resorts throughout the state. According to the U.S. Census Bureau, the average daily rate for a hotel room in the state is $135. Financing options for hospitality properties include conventional loans, SBA loans, and CMBS loans.