Commercial Real Estate Market in Lebanon, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 472 off-market properties in Lebanon, NH. Commercial property asks $9/SF to buy and $22.72/SF/Yr to lease.
Market Trends
Lebanon, NH spans 32.0 square miles in Grafton County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lebanon, 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 Lebanon, 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 Lebanon, 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 Lebanon, 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
- Agricultural 72.3%
- Residential 14.4%
- Industrial 8.8%
- Commercial 2.3%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Rural Lands Three
Rural Lands Two
Residential Three
Rural Lands One
Light Industrial
Rural Lands Three (RL3)
B Central Business LD Lebanon Downtown R-1 Residential One R-2 Residential Two R-3 Residential Three R-O Residential-Office R-O-1 Residential-Office-One PB Professional Business RL-1 Rural Lands One RL-2 Rural Lands Two RL-3 Rural Lands Three MC Medical Center Each district may be referred to by its respective abbreviation. SECTION 301 ZONING MAP. 301.1 Esta…
Market overview
Demographics & Economy
Lebanon, NH has 9,838 residents in 5,346 households. Density runs 308 people per square mile. Median household income here is $96,642 and median gross rent $1,860 a month.
9,838
Population
5,346
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
95%
High-School Grad
32 sq mi
ZIP Area
308
Density / Sq Mi
$96,642
Median Household Income
$53,441
Median Earnings
$1,860
Median Rent
$348,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| White River Junction | — | — |
| Hartford | — | — |
| North Hartland | — | — |
| Enfield | — | — |
Commercial property in Lebanon, NH asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lebanon?
Commercial property in Lebanon, NH asks an average of $9 per square foot. The 6 most recent recorded sales traded at a median of $769/SF. Multifamily carries the highest asking price at $194/SF.
How much does it cost to lease commercial space in Lebanon?
Asking lease rates in Lebanon, NH average $22.72 per square foot per year.
Where does Realmo's Lebanon market data come from?
Realmo compiles Lebanon, NH figures from 8 recent recorded sales, 21 active sale listings, 8 active lease listings, 472 tracked off-market properties, the current Lebanon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 8 active for-lease listings in Lebanon, 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: 24,426 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
