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March 2024 Market Trends

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CAPSTONE GROUP

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CAPSTONE GROU P12.3 million SFCommercial Space For Sale6,186 AcresLand & Farm For Sale12.0 million SFCommercial Space For Lease$1.6 billionTotal Sale PriceProperty TypeIndustrialOfficeRetail-CommercialShopping CenterVacant LandHospitalityMulti-FamilyListings3661,271728693541885Asking Lease Rate$8.68 PSF$17.02 PSF$15.53 PSF$9.03 PSF$0.54 PSF--Asking Sale Price$70.36 PSF$112.04 PSF$145.02 PSF$73.23 PSF$1.29 PSF$36.52 PSF$167.15 PSFBelow List9.1%17.0%5.8%-8.3%5.6%17.2%Days on Market127233249-322434130Statistics courtesy of: New England Commercial Property Exchange and Pete MetschTotal Available8.8 million SF7.3 million SF4.4 million SF793,714 SF296.0 million SF1.3 million SF1.1 million SFFrequency: Statistics are compiled at the beginning of each month.Reliability: The quality of the data will vary based on many factors, including whether or notyour CIE verifies the data on an ongoing basis. Statistics based on larger numbers of listings(as indicated by the "Listings" column) are generally more trustworthy.Accuracy: We make all attempts to normalize these stats, but make no guarantees abouttheir accuracy. Outliers (extremely high or low values) are excluded from calculations.Counts: Listing and Transaction counts reflect the number of records with price and sizeinformation within valid ranges. The actual counts of all records in the CIE are larger.Weighted Averages: Price averages are weighed using the square footage available.Direct: Lease statistics are direct (exclude subleases).Lease Types: Because of discrepancies in how lease types (NNN, Gross, etc) are reported, weignore differences in type – all types are folded together into the lease rate stats.Below List: Reflects the average percent difference between the original listed price and thefinal transaction price.Net Absorption: We calculate absorption using a 90 day period.Locations: We only allow filters for locations with at least 100 active listings.Asking vs. Reported: "Asking" prices are based on active listings for the chosen locale, while"Reported" prices are calculated using completed transactions as reported by CIE members.Disclaimer: All statistics on this page have been gathered from user-loaded listings and user-reported transactions. We have not verified accuracy and make no guarantees. By using theinformation provided on this page, the user acknowledges that the data may contain errors or othernonconformities. You and/or your client should diligently and independently verify the specifics ofthe information that you are using.Current Statistics for MA, ME, NH and VTMarket Summary – March, 2024MA, ME, NH and VTPete MetschREALTOR® PeteMetsch@gmail.com C: 339-224-0912O: 603-610-8550*Each Office is Independently Owned and Operated. The content of this e-Mail and/or any othercommunication including text messages or other electronic messages exchanged between the sender andrecipient hereof shall not constitute acceptance of any offer, nor shall they serve as an agreement toenter into a contract or otherwise conduct a real estate transaction and shall not be deemedcontractually binding unless the same is reduced to or incorporated into a written Purchase and SaleAgreement, or other written contract mutually executed by the parties to be charged.Capstone GroupKeller Williams Coastal and Lakes & Mountains750 Lafayette Rd, Suite 201Portsmouth, NH 03801