Brian Dano
NECPE:
In February we had multiple meetings regarding NECPE, and how best to serve our membership, in NH, ME & RI. Key factors remain lack of leads and data accuracy/hygiene. We remain resolute that we will be able to rectify these issues to provide our members/ the public with the service they rely on. The committee charged with evaluating options moving forward has met, or will be meeting, with all available providers (Moodys, Resimplifi, Lease Up, Prime MLS, Crexi etc).
NHCIBOR Upcoming:
February 27th ICSC Local NH/MA Ski Day @ Loon Mountain
March 6th Cost Segregation Class W/ CE Credit @ TF Moran
March 26th NEREJ Southern NH Life Science & Housing @ Courtyard Nashua
March 26th Deals & Drinks W/ New England CCIM @ TBD Portsmouth
April 3rd Wire Fraud Class (preventing it) @ KW Portsmouth
May 1st Social Media Class @ TF Moran
May 14th Deal & Drinks @ Finnigan Fence
June 5th Ethics Class w/ CE Credit @ KW Portsmouth
June 15th Golf Tournament @ Breakfast Hill Golf Course
June 25th NHCIBOR BBQ @ TF Moran
August 6th Fall Mixer @ Birchwood Vineyards
December 10th Holiday Party @ Manchester Country Club
Marketing meetings are Monthly (State of NH 2nd Wednesday; Seacoast 3rd Friday; Massachusetts 2nd Friday)
My Predictions
As February draws to a close, the idea that uncertainty is the new certainty is proving true. When asked what’s happening in the market, my response is: how much time do you have?
Last Friday the Supreme Court struck down emergency tariffs (6-3), the President subsequently increased them in response, using a different justification. My guess is that this will cause a pause in some speculative industrial developments, and/or a short-term spike in demand for space by importers who deferred shipments as they accelerate shipments (think port-oriented Portsmouth NH, Boston MA, Portland ME). Tenants will remain uncertain and want to lease for shorter terms to remain flexible. On the multifamily side the National Association of Home Builders has urged the President to exempt building materials from tariffs as the nation—and especially New England—faces a housing affordability crisis. Other asset classes and the CRE market will feel reverberations. It is on us to advise our clients how to navigate these turbulent waters.
Updates
In the January Presidents report I mentioned an oversupply of high bay (20’ Clear +) industrial in Hillsborough County NH. Merrimack, NH, my hometown, now has a Budweiser plant closing (500K SF). The controversial ICE facility (324K SF) is no longer moving forward. Additionally, in the February report I saw investors turning to commodities such as gold & silver, Silver subsequently dropped sharply at the end of January (after I wrote about the fever). However, as of this morning, both are still up over 20% YTD (2/24/26).