As many continue to crave the live, work, play balance, Portsmouth New Hampshire’s unique dining options, historic charm and boutique shopping offers that experience to localists and visitors. The most popular time of year to visit Portsmouth is July and August. Settled in 1623, Portsmouth, a New Hampshire gem, is the third-oldest city in the United States. With an active port, mouth-watering dining options, shopping and more, Portsmouth’s small city scale is historically touristy and local. One of the attractive characteristics of Portsmouth is the walkability to local attractions.

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You may have heard of the evolving “cashier-less” store trend or noticed the growth in discount retail stores. Is this the future of retail? How will we be shopping in 10 years?

Who’s in and Who’s out?

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Berkshire Hathaway HomeServices Verani Realty's Senior Advisor, Jay Lee, and Advisor Lindsey Goodrich, part of Verani Realty’s Retail Team, announce the sale of a commercial property in Londonderry New Hampshire for $590,000.  The building located at 2 Commercial Lane, was most recently occupied by Atlas Fireworks, and contains approximately 4,080 square feet. The Berkshire Hathaway HomeServices Verani Realty Retail Team represented the seller in this transaction. Chris Pascucci, Vice President of Commercial Sales, and Jamison Bibaud from The Masiello Group procured the buyer.

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Verani Realty’s retail team consisting of David De Lise, Chelsea Jones, Jay Lee who is also a member of the Bedford Rotary Club, Jeff Lessard, and Lindsey Goodrich wishes luck to all the participants in this year’s 5^th annual regional IDOL Scholarship Competition. There are twelve participants in this year’s vocal competition who are high school students recognizing musical excellence in our communities.

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Although the demise of retail properties has been greatly amplified by media outlets for several years, there is strong optimism from those in the industry that the retail sector will continue to perform very well in 2019 and beyond.

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Berkshire Hathaway HomeServices Verani Realty is pleased to report the sale of a multi-family portfolio consisting of 32 units located at 79 Seminary Hill Road in West Lebanon New Hampshire. The portfolio is within close proximity to Dartmouth University and Dartmouth Hitchcock Hospital and sold for $2,250,000. Tom Duffy and Michael B. Charron represented the Seller in this transaction.

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From virtual reality to in-store navigation apps, smart mirrors to customization bars, and shopping online to picking up in-store, 2018 was a memorable year for several retail trends across the nation. Here’s what happened in the retail sector over the previous year:

An overview

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An exciting new development opportunity at Capital Place has created an abundance of excitement this holiday season in the retail community. The former Southern New Hampshire University property located on Nashua New Hampshire’s exceptionally active retail strip, Route 101A recently sold for $1,500,000. The retail team at Verani Realty represented the buyer in the transaction. The preliminary plans for the redevelopment and/or development site have been well received by town officials, tenants, and the brokerage community alike.

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Retailers physical locations continue to benefit from the online and interactive in-store experience. Recent studies state that opening a physical store boosts online website traffic tremendously. However, shoppers still prefer the in-store experience. Therefore, retailers combine the in-store experience with tech in order to stay top of mind to customers.

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Restaurants and employee's benefit from the continued growth in the food-delivery market as the food delivery service provides nontraditional job opportunities to students, casual and full-time workers, giving them the opportunity to determine their own working hours as independant contractors. As restaurant owners are expected to continue delivering food, several technology companies are creating food-delivery apps including Grubhub, UberEATS, Postmates, etc. A recent study performed by research firm Cowen & Co. concludes that the apps are transforming the food-delivery market. Restaurant sales across the U.S. are projected to rise an average of 12 percent per year for the next four years - increasing to $76 billion.

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