Market Report - Manchester, NH Q1 2026
Hey all, thought I would share a quick market report in NH. I plan to rotate areas on a weekly basis. Here's a blurb from the report; 5. Major Market News & Developments Several significant developments are poised to impact the Manchester multifamily market: - Zoning Rewrite: Manchester has enacted a historic zoning overhaul, effective March 1, 2026, aimed at streamlining development and boosting housing production. This is the most significant local factor and is expected to unlock new development opportunities. [9] - TIF District Approval: The city has approved its first Tax Increment Financing (TIF) district to fund a new public parking garage and housing on Pearl Street, signaling a commitment to public-private partnerships for development. [10] - New Construction Pipeline: Multiple new projects are in the pipeline, including the expansion of the Hidden Oak development (28 new townhouses), the conversion of office space to residential units at 22 Hazel Street (5 units), and an additional unit at 308 Taylor Street. [11] - State-Level Housing Initiatives: While the state's Housing Champions program is at risk of being defunded, the InvestNH program has been a major driver of multifamily permits. The state's housing supply report indicates a significant need for new housing (90,000 units by 2040), and Manchester is a key contributor to the new supply. [12]