Commercial Real Estate Market in Nashua, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
109 active listings and 1,718 off-market properties in Nashua, NH. Commercial property asks $214/SF to buy and $12.77/SF/Yr to lease.
Market Trends
Nashua, NH spans 30.8 square miles in Hillsborough County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Nashua, 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 Nashua, 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 Nashua, 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 Nashua, 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 75.3%
- Industrial 16.8%
- Commercial 5.1%
- Mixed use 2.9%
Largest Zones share of zoned land by district
C Suburban Residence
Rural Residence
Park Industrial
B Suburban Residence
A Urban Residence
Nashua, NH zones 20,329 acres across 19 districts. Commercial zoning covers 5.1% of zoned land, residential 75.3% and industrial 16.8%. The largest single district is C Suburban Residence at 23.9%. For commercial buyers the practical constraint is that only 21.8% of land carries a commercial or industrial designation.
Rural Residence (R-40)
R-40 Zone. J. Corner lots or through lots. Corner lots and through lots shall be considered to have a front yard bordering on each street line, and a side yard opposite each front yard. Where a lot fronts on two nonintersecting streets, or two intersecting streets forming an angle of 60° or less, front yards shall be provided on both streets. K. Sight triang…
Market overview
Demographics & Economy
Nashua, NH has 91,322 residents in 38,462 households. Density runs 2,962 people per square mile. Median household income here is $93,216 and median gross rent $1,675 a month.
91,322
Population
38,462
Households
2.4
Avg Household Size
40
Median Age
40%
College-Educated
92%
High-School Grad
30.8 sq mi
ZIP Area
2,962
Density / Sq Mi
$93,216
Median Household Income
$52,093
Median Earnings
$1,675
Median Rent
$370,480
Median Home Value
Tools
Lease vs Buy Breakeven
At $12.77/SF/Yr lease vs $214/SF buy → buying wins if held > 5.3 years.
At a 6% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hudson | — | $19.83 |
| Dunstable | — | — |
| Tyngsborough | — | — |
| Hollis | — | — |
Commercial property in Nashua, NH asks $214/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Nashua?
Commercial property in Nashua, NH asks an average of $214 per square foot. The 7 most recent recorded sales traded at a median of $232/SF. Multifamily carries the highest asking price at $260/SF.
How much does it cost to lease commercial space in Nashua?
Asking lease rates in Nashua, NH average $12.77 per square foot per year.
Is it cheaper to lease or buy commercial space in Nashua?
Buying beats leasing in Nashua, NH if the property is held longer than 5.3 years, comparing $12.77/SF/Yr asking rent with $214/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Nashua?
Nashua, NH zones 20,329 acres across 19 districts, of which 5.1% is commercial and 16.8% industrial. The largest single district is C Suburban Residence at 23.9% of zoned land. Residential zoning covers 75.3% and open space 0%.
Where does Realmo's Nashua market data come from?
Realmo compiles Nashua, NH figures from 8 recent recorded sales, 59 active sale listings, 50 active lease listings, 1,718 tracked off-market properties, the current Nashua zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 59 active for-sale and 50 active for-lease listings in Nashua, 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: 20,329 zoned acres across 19 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
