Commercial Real Estate Market in Keene, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
69 active listings and 673 off-market properties in Keene, NH. Commercial property asks $181/SF to buy and $12.00/SF/Yr to lease (based on 9 listings).
Market Trends
Keene, NH spans 60.0 square miles in Cheshire County, New Hampshire. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Keene, NH runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Keene, 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 Keene, 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 Cheshire County, multifamily space asks $144/SF to buy. Multifamily vacancy in Keene, 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 74.5%
- Open space 12.8%
- Industrial 5.5%
- Agricultural 4%
- Commercial 2.3%
- Civic 0.4%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Keene, NH zones 23,895 acres across 24 districts. Commercial zoning covers 2.3% of zoned land, residential 74.5%, open space 12.8% and industrial 5.5%. The largest single district is Rural at 61.4%. For commercial buyers the practical constraint is that only 7.8% of land carries a commercial or industrial designation.
The Conservation (C) District is intended to provide for those lands which have been identified as necessary to preserve as open space because of their critical or delicate environmental nature
Market overview
Demographics & Economy
Keene, NH has 24,978 residents in 11,168 households. Density runs 417 people per square mile. Median household income here is $78,196 and median gross rent $1,279 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Keene?
How much does it cost to lease commercial space in Keene?
What zoning applies to commercial property in Keene?
Where does Realmo's Keene market data come from?
Methodology & data sources
- Asking prices and medians
- There are 48 active for-sale and 21 active for-lease listings in Keene, NH. The medians are based on 30 of the for-sale and 9 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: 23,895 zoned acres across 24 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
