Commercial Real Estate Market in Lebanon, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
18 active listings and 472 off-market properties in Lebanon, NH. Commercial property asks $154/SF to buy (based on 4 listings) and $25.00/SF/Yr to lease (based on 5 listings).
Market Trends
Lebanon, NH spans 32.0 square miles in Grafton County, New Hampshire. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lebanon, NH runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
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%.
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%.
Multifamily
Across Grafton County, multifamily space asks $148/SF to buy. Multifamily vacancy in Lebanon, 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
- Agricultural 72.3%
- Residential 14.4%
- Industrial 8.8%
- Commercial 2.3%
- Mixed use 0.9%
Largest Zones share of zoned land by district
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Lebanon?
How much does it cost to lease commercial space in Lebanon?
Where does Realmo's Lebanon market data come from?
Methodology & data sources
- Asking prices and medians
- There are 8 active for-sale and 10 active for-lease listings in Lebanon, NH. The medians are based on 4 of the for-sale and 5 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: 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 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
