Commercial Real Estate Market in Bangor, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
138 active listings and 1,257 off-market properties in Bangor, ME. Commercial property asks $7/SF to buy and $12.61/SF/Yr to lease.
Market Trends
Bangor, ME spans 100.1 square miles in Penobscot County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Bangor, ME asks $133/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Bangor, ME asks $76/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Bangor, ME runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Bangor, ME asks $174/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.2%
- Industrial 14.2%
- Civic 9.2%
- Commercial 8.2%
- Special 5.7%
- Open space 2.3%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Rural Residence And Agricultural District
Airport Development District
Government And Institutional Service District
Low Density Residential District
Urban Residence 1
Bangor, ME zones 19,949 acres across 57 districts. Commercial zoning covers 8.2% of zoned land, residential 60.2%, open space 2.3% and industrial 14.2%. The largest single district is Rural Residence And Agricultural District at 38.9%. For commercial buyers the practical constraint is that only 22.4% of land carries a commercial or industrial designation.
Rural Residence And Agricultural District (RR-A)
The Rural Residence and Agricultural District is established to preserve in agricultural use lands where urban development is generally not feasible because of the absence of public utilities and community facilities
Market overview
Demographics & Economy
Bangor, ME has 44,608 residents in 20,932 households. Density runs 446 people per square mile. Median household income here is $66,136 and median gross rent $1,048 a month.
44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brewer | — | — |
| Veazie | — | — |
| Eddington | — | — |
| Hampden | — | — |
Commercial property in Bangor, ME asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bangor?
Commercial property in Bangor, ME asks an average of $7 per square foot. The 4 most recent recorded sales traded at a median of $85/SF. Multifamily carries the highest asking price at $174/SF.
How much does it cost to lease commercial space in Bangor?
Asking lease rates in Bangor, ME average $12.61 per square foot per year.
What zoning applies to commercial property in Bangor?
Bangor, ME zones 19,949 acres across 57 districts, of which 8.2% is commercial and 14.2% industrial. The largest single district is Rural Residence And Agricultural District at 38.9% of zoned land. The Rural Residence and Agricultural District is established to preserve in agricultural use lands where urban development is generally not feasible because of the absence of public utilities and community facilities Residential zoning covers 60.2% and open space 2.3%.
Where does Realmo's Bangor market data come from?
Realmo compiles Bangor, ME figures from 5 recent recorded sales, 119 active sale listings, 19 active lease listings, 1,257 tracked off-market properties, the current Bangor zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 119 active for-sale and 19 active for-lease listings in Bangor, ME. 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: 19,949 zoned acres across 57 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 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast 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 31 August 2026 · report a data issue
