Commercial Real Estate Market in Lee, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 82 off-market properties in Lee, NH. Commercial property asks $659/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Lee, NH spans 42.2 square miles in Strafford County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lee, 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 Lee, 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 Lee, 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 Lee, NH asks $214/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
- Commercial 96.3%
- Industrial 3.8%
Largest Zones share of zoned land by district
Residential
Commercial
Lee, NH zones 12,733 acres across 2 districts. Commercial zoning covers 96.3% of zoned land, industrial 3.8%. The largest single district is Residential at 96.3%. For commercial buyers the practical constraint is that only 100% of land carries a commercial or industrial designation.
Residential (A)
This zone is intended for a residential and non-Commercial outdoor playing fields for games like soccer, field hockey, baseball and other similar outdoor sport
Market overview
Demographics & Economy
Lee, NH has 19,997 residents in 5,774 households. Density runs 474 people per square mile. Median household income here is $129,732 and median gross rent $1,349 a month.
19,997
Population
5,774
Households
3.5
Avg Household Size
26
Median Age
72%
College-Educated
98%
High-School Grad
42.2 sq mi
ZIP Area
474
Density / Sq Mi
$129,732
Median Household Income
$20,336
Median Earnings
$1,349
Median Rent
$465,265
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Durham | — | — |
| Nottingham | — | — |
| Newmarket | — | — |
| Madbury | — | — |
Commercial property in Lee, NH asks $659/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lee?
Commercial property in Lee, NH asks an average of $659 per square foot. Multifamily carries the highest asking price at $214/SF.
How much does it cost to lease commercial space in Lee?
Asking lease rates in Lee, NH average $18.00 per square foot per year.
What zoning applies to commercial property in Lee?
Lee, NH zones 12,733 acres across 2 districts, of which 96.3% is commercial and 3.8% industrial. The largest single district is Residential at 96.3% of zoned land. This zone is intended for a residential and non-Commercial outdoor playing fields for games like soccer, field hockey, baseball and other similar outdoor sport Residential zoning covers 0% and open space 0%.
Where does Realmo's Lee market data come from?
Realmo compiles Lee, NH figures from 2 recent recorded sales, 5 active sale listings, 1 active lease listings, 82 tracked off-market properties, the current Lee 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 1 active for-lease listings in Lee, 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: 12,733 zoned acres across 2 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
