Commercial Real Estate Market in Lebanon, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 63 off-market properties in Lebanon, ME. Commercial property asks $1/SF to buy and $30.00/SF/Yr to lease.
Market Trends
Lebanon, ME spans 55.0 square miles in York County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lebanon, ME asks $168/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 Lebanon, ME asks $291/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 Lebanon, 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 Lebanon, ME asks $272/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
- Industrial 87.6%
- Commercial 5.4%
Largest Zones share of zoned land by district
General Purpose District
Limited Residential District
Wetland
Resource Protection District
Stream Protection District
Lebanon, ME zones 35,217 acres across 9 districts. Commercial zoning covers 5.4% of zoned land, industrial 87.6%. The largest single district is General Purpose District at 87.6%. For commercial buyers the practical constraint is that only 92.9% of land carries a commercial or industrial designation.
General Purpose District (GPD)
The intent of this zone is to provide for areas devoted to commercial, industrial or intensive recreational activities, including manufacturing, fabricating, wholesaling, warehousing, retail trade, service and other commercial activities, as well as intensive recreational development, and to accommodate both existing intensively developed areas and newly est…
Market overview
Demographics & Economy
Lebanon, ME has 6,469 residents in 2,654 households. Density runs 118 people per square mile. Median household income here is $97,257 and median gross rent $1,237 a month.
6,469
Population
2,654
Households
2.4
Avg Household Size
42
Median Age
13%
College-Educated
93%
High-School Grad
55 sq mi
ZIP Area
118
Density / Sq Mi
$97,257
Median Household Income
$50,192
Median Earnings
$1,237
Median Rent
$310,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sanford | — | — |
| North Berwick | — | — |
| Milton | — | — |
| Berwick | — | — |
Commercial property in Lebanon, ME asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lebanon?
Commercial property in Lebanon, ME asks an average of $1 per square foot. Retail carries the highest asking price at $291/SF.
How much does it cost to lease commercial space in Lebanon?
Asking lease rates in Lebanon, ME average $30.00 per square foot per year.
What zoning applies to commercial property in Lebanon?
Lebanon, ME zones 35,217 acres across 9 districts, of which 5.4% is commercial and 87.6% industrial. The largest single district is General Purpose District at 87.6% of zoned land. The intent of this zone is to provide for areas devoted to commercial, industrial or intensive recreational activities, including manufacturing, fabricating, wholesaling, warehousing, retail trade, service and other commercial activities, as well as intensive recreational development, and to accommodate both existing intensively developed areas and newly est… Residential zoning covers 0% and open space 0%.
Where does Realmo's Lebanon market data come from?
Realmo compiles Lebanon, ME figures from 2 active sale listings, 2 active lease listings, 63 tracked off-market properties, the current Lebanon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 2 active for-lease listings in Lebanon, 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: 35,217 zoned acres across 9 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
