Calculate cap rates and net operating income for commercial properties in New Hampshire. Compare your results against New Hampshire's secondary market benchmarks sourced from CBRE H2 2025.
New Hampshire benefits from Boston metro proximity, no state income tax, and no state sales tax. Southern NH (Manchester, Nashua) functions as an extension of the Greater Boston CRE market, attracting businesses and residents seeking lower costs. The Route 3 and Route 101 corridors host significant tech, defense, and logistics operations. No sales tax drives retail traffic.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 5.0% | 6.5% |
| Industrial | 5.5% | 7.0% |
| Retail | 5.5% | 7.5% |
| Office | 6.5% | 8.5% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
New Hampshire cap rates range from 5.0–6.5% for multifamily, 5.5–7.0% for industrial, 5.5–7.5% for retail, and 6.5–8.5% for office. Southern NH (Manchester/Nashua) trades at the lower end of these ranges due to Boston metro adjacency and corporate demand.
New Hampshire has no state income tax and no state sales tax, making it attractive for businesses and residents relocating from Massachusetts. This drives population and corporate inflows, supporting multifamily and office demand in southern NH. The absence of sales tax also creates retail destination traffic from MA border counties, supporting grocery and lifestyle retail.
Key drivers include defense and aerospace (BAE Systems, Raytheon operations), healthcare systems (Elliot Hospital, Dartmouth-Hitchcock), technology (Manchester's growing startup scene), and logistics/distribution facilities serving the New England market. Tourism (White Mountains, Lakes Region) supports hospitality and seasonal retail.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.