Commercial Real Estate Market in Conway, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
60 active listings and 712 off-market properties in Conway, NH. Commercial property asks $205/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Conway, NH spans 84.5 square miles in Carroll County, New Hampshire. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Conway, NH runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Conway, NH runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Conway, 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%.
Multifamily
Across Carroll County, multifamily space asks $249/SF to buy. Multifamily vacancy in Conway, NH runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 94.3%
- Commercial 3.5%
- Industrial 2.1%
Largest Zones share of zoned land by district
Conway, NH zones 46,200 acres across 11 districts. Commercial zoning covers 3.5% of zoned land, residential 94.3% and industrial 2.1%. The largest single district is Residential And Agricultural District at 88.4%. For commercial buyers the practical constraint is that only 5.7% of land carries a commercial or industrial designation.
Residential/Agricultural (RA) District. The RA District is primarily designed to accommodate a compatible mixture of residential and agricultural uses at lower densities of approximately one unit or less per acre. These areas are generally without municipal sewer service and are not yet appropriate for development at higher densities. Land uses permitted in…
Market overview
Demographics & Economy
Conway, NH has 3,478 residents in 2,174 households. Density runs 41 people per square mile. Median household income here is $73,346 and median gross rent $941 a month.
Tools
Lease vs Buy Breakeven
At $12.00/SF/Yr lease vs $205/SF buy → buying wins if held > 5.7 years.
At a 5.8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
Commercial property in Conway, NH asks $205/SF. The 2 bordering markets run from $153/SF in Fryeburg to $218/SF in Bartlett, and the city sits above their $186/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Conway?
How much does it cost to lease commercial space in Conway?
Is it cheaper to lease or buy commercial space in Conway?
How does Conway compare to nearby markets on price?
What zoning applies to commercial property in Conway?
Where does Realmo's Conway market data come from?
Methodology & data sources
- Asking prices and medians
- There are 28 active for-sale and 32 active for-lease listings in Conway, NH. The medians are based on 13 of the for-sale and 15 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 46,200 zoned acres across 11 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
