Commercial Real Estate Market in Andover, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 65 off-market properties in Andover, NH.
Market Trends
Andover, NH spans 39.9 square miles in Merrimack County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Andover, NH runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Andover, NH runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Andover, NH 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 Andover, NH asks $209/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
- Agricultural 62.2%
- Residential 35.2%
- Commercial 2.6%
Largest Zones share of zoned land by district
Forest And Agriculture
Agricultural And Residential
Village
Rural Residential
Forest And Agriculture (FA)
A. Forest and Agriculture Districts (Zone FA) The following regulations apply to the FA Districts. They are mainly districts of forest, woodlands and farms. 1. Permitted Uses: - Wood lots and tree farms - General farming and agricultural, including horticulture, dairying, livestock, and poultry farming - Accessory uses and buildings 2. Special Exceptions: a.…
Market overview
Demographics & Economy
Andover, NH has 2,327 residents in 1,018 households. Density runs 58 people per square mile. Median household income here is $86,875 and median gross rent $1,257 a month.
2,327
Population
1,018
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
90%
High-School Grad
39.9 sq mi
ZIP Area
58
Density / Sq Mi
$86,875
Median Household Income
$48,176
Median Earnings
$1,257
Median Rent
$332,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wilmot | — | — |
| Salisbury | — | — |
| Danbury | — | — |
| Warner | — | — |
Commercial property in Andover, NH asks $354/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Andover?
Commercial property in Andover, NH asks an average of $354 per square foot. Multifamily carries the highest asking price at $209/SF.
Where does Realmo's Andover market data come from?
Realmo compiles Andover, NH figures from 2 recent recorded sales, 4 active sale listings, 65 tracked off-market properties, the current Andover zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Andover, NH. 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: 26,273 zoned acres across 4 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
