Commercial Real Estate Market in Manchester, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
194 active listings and 2,444 off-market properties in Manchester, NH. Commercial property asks $38/SF to buy and $22.54/SF/Yr to lease.
Market Trends
Manchester, NH spans 70.6 square miles in Hillsborough County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Manchester, 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 Manchester, 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 Manchester, 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 Manchester, NH asks $260/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 54.3%
- Mixed use 16.7%
- Industrial 10.3%
- Open space 10.2%
- Commercial 8.5%
Largest Zones share of zoned land by district
Residential One Family High Density
Residential One Family Medium Density
Conservation
Residential Multifamily
Industrial
Manchester, NH zones 22,379 acres across 15 districts. Commercial zoning covers 8.5% of zoned land, residential 54.3%, open space 10.2% and industrial 10.3%. The largest single district is Residential One Family High Density at 23.3%. For commercial buyers the practical constraint is that only 18.8% of land carries a commercial or industrial designation.
Residential One Family High Density (R-1B)
Residential One-Family- High Density (R1-B): Higher-density neighborhoods with detached single-family dwellings with smaller lot sizes and setback requirements. Residential Two-Family (R-2): Transitional areas between single-family and mixed-use districts that house a mix of single-family dwellings and duplexes. Residential Multifamily (R-M): Neighborhoods w…
Market overview
Demographics & Economy
Manchester, NH has 135,023 residents in 59,321 households. Density runs 1,912 people per square mile. Median household income here is $81,039 and median gross rent $1,490 a month.
135,023
Population
59,321
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
70.6 sq mi
ZIP Area
1,912
Density / Sq Mi
$81,039
Median Household Income
$46,232
Median Earnings
$1,490
Median Rent
$337,621
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hooksett | — | $15.70 |
| Pembroke | — | $1.40 |
| Allenstown | — | — |
| Bow | — | $12.30 |
Commercial property in Manchester, NH asks $38/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manchester?
Commercial property in Manchester, NH asks an average of $38 per square foot. The 3 most recent recorded sales traded at a median of $142/SF. Multifamily carries the highest asking price at $260/SF.
How much does it cost to lease commercial space in Manchester?
Asking lease rates in Manchester, NH average $22.54 per square foot per year.
What zoning applies to commercial property in Manchester?
Manchester, NH zones 22,379 acres across 15 districts, of which 8.5% is commercial and 10.3% industrial. The largest single district is Residential One Family High Density at 23.3% of zoned land. Residential One-Family- High Density (R1-B): Higher-density neighborhoods with detached single-family dwellings with smaller lot sizes and setback requirements. Residential Two-Family (R-2): Transitional areas between single-family and mixed-use districts that house a mix of single-family dwellings and duplexes. Residential Multifamily (R-M): Neighborhoods w… Residential zoning covers 54.3% and open space 10.2%.
Where does Realmo's Manchester market data come from?
Realmo compiles Manchester, NH figures from 5 recent recorded sales, 103 active sale listings, 91 active lease listings, 2,444 tracked off-market properties, the current Manchester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 103 active for-sale and 91 active for-lease listings in Manchester, 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: 22,379 zoned acres across 15 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
