New Hampshire Office Market Report
By CREhunt Research · Data through Q1 2025 · Aggregated from Cushman & Wakefield, Colliers
Quarterly office market indicators for New Hampshire, aggregated by CREhunt from Cushman & Wakefield, Colliers. As of Q1 2025, average asking rent was $23.61/SF/yr and vacancy was 14.3%, per Cushman & Wakefield.
Projected current office pricing — New Hampshire
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for New Hampshire office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2025 Cushman & Wakefield asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~86% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2025 Cushman & Wakefield | $23.61/SF/yr | 14.3% | — | — | Cushman & Wakefield |
| Q4 2024 Cushman & Wakefield | $23.58/SF/yr | 11.0% | — | — | Cushman & Wakefield |
| Q3 2024 Colliers | $22.00/SF/yr | 14.4% | — | — | Colliers |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each New Hampshire office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Bedford | $20.88/SF/yr Cushman & Wakefield · Q1 2025 | Cushman & Wakefield, Q1 2025 |
| Concord | $24.61/SF/yr Cushman & Wakefield · Q1 2025 | Cushman & Wakefield, Q1 2025 |
| Manchester | $21.82/SF/yr Cushman & Wakefield · Q1 2025 | Cushman & Wakefield, Q1 2025 |
| Nashua | $18.87/SF/yr Cushman & Wakefield · Q1 2025 | Cushman & Wakefield, Q1 2025 |
| Portsmouth | $28.81/SF/yr Cushman & Wakefield · Q1 2025 | Cushman & Wakefield, Q1 2025 |
| Salem | $26.25/SF/yr Cushman & Wakefield · Q1 2025 | Cushman & Wakefield, Q1 2025 |
Frequently asked questions
- What is the average asking rent for office space in New Hampshire?
- As of Q1 2025, the average asking rent for office space in New Hampshire was $23.61/SF/yr, per Cushman & Wakefield.
- What is the office vacancy rate in New Hampshire?
- The office vacancy rate in New Hampshire was 14.3% as of Q1 2025 (Cushman & Wakefield).
- Where does CREhunt's New Hampshire market data come from?
- This report aggregates quarterly office market data for New Hampshire from Cushman & Wakefield, Colliers.