Commercial Real Estate Market in Keene, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
73 active listings and 673 off-market properties in Keene, NH. Commercial property asks $64/SF to buy and $14.40/SF/Yr to lease.
Market Trends
Keene, NH spans 60.0 square miles in Cheshire County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Keene, 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 Keene, 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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Keene, NH asks $178/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 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
Rural
Conservation
Low Density
Agriculture
Industrial
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.
Conservation (CON)
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.
24,978
Population
11,168
Households
2.2
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
60 sq mi
ZIP Area
417
Density / Sq Mi
$78,196
Median Household Income
$40,456
Median Earnings
$1,279
Median Rent
$233,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Roxbury | — | — |
| Swanzey Center | — | — |
| Marlborough | — | — |
| Swanzey | — | — |
Commercial property in Keene, NH asks $64/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Keene?
Commercial property in Keene, NH asks an average of $64 per square foot. The 4 most recent recorded sales traded at a median of $132/SF. Multifamily carries the highest asking price at $178/SF.
How much does it cost to lease commercial space in Keene?
Asking lease rates in Keene, NH average $14.40 per square foot per year.
What zoning applies to commercial property in Keene?
Keene, NH zones 23,895 acres across 24 districts, of which 2.3% is commercial and 5.5% industrial. The largest single district is Rural at 61.4% of zoned land. Residential zoning covers 74.5% and open space 12.8%.
Where does Realmo's Keene market data come from?
Realmo compiles Keene, NH figures from 8 recent recorded sales, 51 active sale listings, 22 active lease listings, 673 tracked off-market properties, the current Keene zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 51 active for-sale and 22 active for-lease listings in Keene, 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: 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 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
