Thursday, September 7, 2017
KeyPoint Partners Releases 2017 Southern NH Retail Real Estate Report
KeyPoint Partners, LLC has released The KeyPoint Report for Southern New Hampshire 2017, Bob Sheehan, Vice President of Research, announced today. This comprehensive retail real estate Report examines supply, occupancy, absorption, and retailer expansion and contraction for virtually every retail property in the region.
According to the Report, total retail real estate inventory in the region was 29.8 million square feet, a modest decline of 59,400 square feet, or 0.2%. The vacancy rate was 9.1%, an improvement from 10.5% in 2016. Mattress Firm was the retailer adding the most new space in the region, by way of its acquisition of Sleepy’s. Amusement & Recreation Facilities and Hobby, Toy & Game stores led all retail categories in added square footage, with Health & Fitness leading in expansion by number of new locations. The Family Apparel category closed the most square footage in the region, contracting by 53,800 square feet.
“Given the current backdrop of the retail industry and innuendos of a retail apocalypse, things weren’t so bad in Southern New Hampshire in 2017. In fact, they were pretty good,” Sheehan says.. . . more