Commercial Real Estate Market in Hanover, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 144 off-market properties in Hanover, NH. Commercial property asks $1,492/SF to buy and $27.00/SF/Yr to lease.
Market Trends
Hanover, NH spans 29.2 square miles in Grafton County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hanover, 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 Hanover, 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 Hanover, 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 Hanover, NH asks $194/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 51.2%
- Civic 42.3%
- Industrial 3.1%
- Open space 2.9%
- Commercial 0.2%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Rural Residence
Forestry And Recreation
Natural Preserve
Single Residence 1
Institution
Forestry And Recreation (F)
F Forestry and Recreation NP Natural Preserve GP Goose Pond MWD Main Wheelock District 402 Zoning maps A. The districts established in Section 401 are shown on maps on file in the offices of the Town of Hanover, which maps are a part of this Ordinance. These maps include those titled “Hanover, New Hampshire Zoning Map -Townwide”; “Hanover, New Hampshire Zoni…
Market overview
Demographics & Economy
Hanover, NH has 10,926 residents in 3,612 households. Density runs 374 people per square mile. Median household income here is $161,162 and median gross rent $2,142 a month.
10,926
Population
3,612
Households
3
Avg Household Size
27
Median Age
86%
College-Educated
99%
High-School Grad
29.2 sq mi
ZIP Area
374
Density / Sq Mi
$161,162
Median Household Income
$51,976
Median Earnings
$2,142
Median Rent
$744,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Canaan | — | — |
| Lyme | — | — |
| Enfield | — | — |
| Thetford | — | — |
Commercial property in Hanover, NH asks $1,492/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hanover?
Commercial property in Hanover, NH asks an average of $1,492 per square foot. Multifamily carries the highest asking price at $194/SF.
How much does it cost to lease commercial space in Hanover?
Asking lease rates in Hanover, NH average $27.00 per square foot per year.
Where does Realmo's Hanover market data come from?
Realmo compiles Hanover, NH figures from 2 recent recorded sales, 5 active sale listings, 2 active lease listings, 144 tracked off-market properties, the current Hanover zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 2 active for-lease listings in Hanover, 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: 32,056 zoned acres across 18 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
