Manchester, NH is a thriving city in the heart of New England. With a population of over 110,000 people, it is the largest city in the state of New Hampshire. The city’s economy is diverse and includes a range of industries, from healthcare to technology. One of the most promising sectors in Manchester’s economy is commercial real estate.
Commercial real estate in Manchester, NH is experiencing a period of growth and expansion. The city’s downtown area is particularly attractive to investors and businesses, thanks to its historic architecture, cultural amenities, and central location. In recent years, the city has seen an increase in the number of new commercial developments, including office buildings, retail spaces, and mixed-use developments.
One of the most significant commercial real estate developments in Manchester is the $50 million redevelopment of the former Osram Sylvania site on South Willow Street. The project, known as “The Ledges,” includes the construction of a new hotel, retail space, and a 200-unit apartment complex. The development is expected to create hundreds of new jobs and boost the local economy.
Another significant commercial real estate project in Manchester is the redevelopment of the former Rex Theatre on Amherst Street. The project, known as “The Rex,” includes the construction of a new mixed-use development that will feature retail space, office space, and luxury apartments. The development is expected to bring new businesses to the area and provide a boost to the city’s downtown economy.
Manchester’s downtown area is also home to a number of historic buildings that have been repurposed for commercial use. For example, the former Amoskeag Bank building on Elm Street is now home to a variety of businesses, including a restaurant and a coworking space. Similarly, the former YMCA building on Mechanic Street has been renovated and repurposed as a mixed-use development that includes office space, retail space, and luxury apartments.
Overall, commercial real estate in Manchester, NH is experiencing a period of growth and expansion. The city’s diverse economy, central location, and attractive downtown area make it an appealing destination for investors and businesses. With a range of new developments and repurposed historic buildings, Manchester is poised for continued growth and success in the commercial real estate sector.