Lower real estate costs, taxes and utility rates

Haverhill simply costs less

Haverhill’s lower real estate costs, taxes and utility rates are convincing reasons why so many businesses have relocated to the city.

Sales/Lease rates
Sales and lease rates vary with the type and size of property, amenities included, location, etc. But Haverhill prices are moderate compared to the rest of the state and neighboring New Hampshire.

Industrial park lease rates range from $5.50 per square foot to $7.95 per square foot for new construction, plus common area maintenance and real estate taxes. Lease rates for in-town industrial space are $4 per square foot and up, plus utilities.

Competitive lease rates for modern or recently renovated office space in downtown Haverhill range from $6.50 per square foot to $12 per square foot, plus utilities. Commercial retail space lease rates range from $10 per square foot to $15 per square foot. These rates include real estate taxes and maintenance.

In industrial parks, purchase prices range from $40 per square foot to $75 per square foot, depending on the facility, location, age and size. Prices for smaller buildings are generally higher.

The purchase price range for commercial/retail property is $75 to $100 per square foot, depending on the specifics of the property.

Taxes
When total valuation is worked into the equation, Haverhill offers a competitive tax rate.

For Fiscal Year 2004:
Commercial Tax Rate – $18.88
Industrial Tax Rate – $18.88

Utilities

KeySpan Commercial Natural Gas Rates
Depending on your business’ consumption, one or more of the six rate classes below will apply to you. Incentives to help you reduce your utility costs are also available. For more information, CLICK HERE to download the Haverhill Means Business Resource Directory in Adobe Acrobat (PDF) format.

G-41 - Low Load Factor General Service Rate - Small
Jan-April 2005 (Peak)

*The monthly charge appearing on customers’ bills will include an additional $ 0.04 E.C.S. charge.

Available for all gas used for Commercial & Industrial purposes and for multiple dwellings of four or more dwelling units whose normal annual usage is 22,000 Therms or less and has a summer usage of total annual usage factor of 27% or less.

G-42 - Low Load Factor General Service Rate - Medium
Jan-April 2005 (Peak)

* The monthly charge appearing on customers’ bills will include an additional $0.04 E.C.S. charge.

Available for all gas used for Commercial & Industrial purposes and for multiple dwelling of four or more dwelling units whose normal annual usage is greater than 22,000 Therms BUT equal or less than 100,000 Therms and has a summer usage of total annual usage factor of 27% or less.

G-43 - Low Load Factor General Service Rate - Large
Jan-April 2005 (Peak)

*The monthly charge appearing on customers’ bills will include an additional $0.04 E.C.S. charge.

Available for all gas used for Commercial & Industrial purposes and for multiple dwelling of four or more whose normal annual usage is greater than 100,000 Therms and has a summer usage of total annual usage factor of 27% or less.

G-1: General Service
Applies to small commercial and industrial customers who use less than 10,000 kWh per month or 200 kW of demand.

G-2: Demand
This service is designed for commercial and industrial customers with average use exceeding 10,000 kWh per month and demand not exceeding 200 kWh. The demand charge reflects the cost to put the customer on the system based on demand. A customer who uses greater than 10,000 kWh per month can be moved from the G-1 to the G-2 rate. This rate requires a demand meter be installed.

G-3: Time-of-Use
This service is primarily available for large commercial and industrial customers with demand greater than 200 kW.

Peak Hours: 8 a.m. through 9 p.m., Monday through Friday, excluding holidays
Off-Peak Hours: All hours not specified as peak hours, plus holidays and weekends.

G-51 - High Load Factor General Service Rate - Small
Jan-April 2005 (Peak)

*The monthly charge appearing on customers’ bills will include an additional $ 0.04 E.C.S. charge.

Available for all gas used for Commercial & Industrial purposes and for multiple dwelling units whose normal annual usage is 45,000 Therms or less and has a summer usage of total annual usage factor greater than 27%

G-52 - High Load Factor General Service Rate - Medium
Jan-April 2005 (Peak)

*The monthly charge appearing on customers’ bills will include an additional $0.04 E.C.S. charge.

Available for all gas used for Commercial and Industrial purposes and for multiple dwellings of four or more dwelling units whose normal annual usage is greater than 45,000 Therms BUT equal to or less than 180,000 Therms and has a summer usage of total annual usage factor greater than 27%.

G-53 - High Load Factor General Service Rate - Large
Jan-April 2005 (Peak)

*The monthly charge appearing on customers’ bills will include an additional $ 0.04 E.C.S. charge.

Available for all gas used for Commercial & Industrial purposes and for multiple dwellings of four or more dwelling units whose normal annual usage is greater than 180,000 Therms and has a total summer usage of total annual usage factor greater than 27%.

Commercial rates
Sewer - $2.66 per 100 cubic feet
Water - $2.21 per 100 cubic feet