Commercial Real Estate Market in Hanford, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
99 active listings and 1,231 off-market properties in Hanford, CA. Commercial property asks $188/SF to buy and $10.16/SF/Yr to lease.
Market Trends
Hanford, CA spans 258.1 square miles in Kings County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hanford, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Hanford, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Hanford, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Hanford, CA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55.6%
- Industrial 10.9%
- Commercial 7%
- Mixed use 6.3%
- Special 1.3%
- Open space 1%
Largest Zones share of zoned land by district
Low Density Residential Five Thousand Square Foot Minimum
Public Facilities
Heavy Industrial
Medium Density Residential
Corridor Mixed Use
Hanford, CA zones 9,852 acres across 19 districts. Commercial zoning covers 7% of zoned land, residential 55.6%, open space 1% and industrial 10.9%. The largest single district is Low Density Residential Five Thousand Square Foot Minimum at 38.3%. For commercial buyers the practical constraint is that only 17.9% of land carries a commercial or industrial designation.
Heavy Industrial (I-H)
The intent of this zone is to provide industrial and manufacturing services
Market overview
Demographics & Economy
Hanford, CA has 68,412 residents in 23,149 households. Density runs 265 people per square mile. Median household income here is $73,558 and median gross rent $1,208 a month.
68,412
Population
23,149
Households
3
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
258.1 sq mi
ZIP Area
265
Density / Sq Mi
$73,558
Median Household Income
$44,074
Median Earnings
$1,208
Median Rent
$321,900
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Hanford?
Commercial property in Hanford, CA asks an average of $188 per square foot. The 4 most recent recorded sales traded at a median of $270/SF.
How much does it cost to lease commercial space in Hanford?
Asking lease rates in Hanford, CA average $10.16 per square foot per year.
What zoning applies to commercial property in Hanford?
Hanford, CA zones 9,852 acres across 19 districts, of which 7% is commercial and 10.9% industrial. The largest single district is Low Density Residential Five Thousand Square Foot Minimum at 38.3% of zoned land. Residential zoning covers 55.6% and open space 1%.
Where does Realmo's Hanford market data come from?
Realmo compiles Hanford, CA figures from 6 recent recorded sales, 73 active sale listings, 26 active lease listings, 1,231 tracked off-market properties, the current Hanford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 26 active for-lease listings in Hanford, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 9,852 zoned acres across 19 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
