Commercial Real Estate Market in Northfield, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 72 off-market properties in Northfield, NH. Commercial property asks $57/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Northfield, NH spans 39.3 square miles in Belknap County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Northfield, 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 Northfield, 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 Northfield, 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 Northfield, NH asks $161/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
- Open space 61.9%
- Residential 33.5%
- Industrial 4.6%
Largest Zones share of zoned land by district
Conservation
Residential
Commercial Industrial
Waterfront Recreation
Residential
Northfield, NH zones 18,461 acres across 5 districts. The largest single district is Conservation at 60.7%. For commercial buyers the practical constraint is that only 4.6% of land carries a commercial or industrial designation.
Conservation (CONS)
This zone is intended to protect environmentally sensitive lands, natural resources, wetlands, forests, and wildlife habitats from unsuitable development. It promotes conservation, environmental sustainability, and the preservation of open space for future generations
Market overview
Demographics & Economy
Northfield, NH has 8,766 residents in 3,984 households. Density runs 223 people per square mile. Median household income here is $79,270 and median gross rent $1,024 a month.
8,766
Population
3,984
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
91%
High-School Grad
39.3 sq mi
ZIP Area
223
Density / Sq Mi
$79,270
Median Household Income
$47,810
Median Earnings
$1,024
Median Rent
$245,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tilton | — | — |
| Franklin | — | — |
| Sanbornton | — | — |
| Canterbury | — | — |
Commercial property in Northfield, NH asks $57/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northfield?
Commercial property in Northfield, NH asks an average of $57 per square foot. Multifamily carries the highest asking price at $161/SF.
How much does it cost to lease commercial space in Northfield?
Asking lease rates in Northfield, NH average $16.00 per square foot per year.
What zoning applies to commercial property in Northfield?
Northfield, NH zones 18,461 acres across 5 districts, of which 0% is commercial and 4.6% industrial. The largest single district is Conservation at 60.7% of zoned land. This zone is intended to protect environmentally sensitive lands, natural resources, wetlands, forests, and wildlife habitats from unsuitable development. It promotes conservation, environmental sustainability, and the preservation of open space for future generations Residential zoning covers 33.5% and open space 61.9%.
Where does Realmo's Northfield market data come from?
Realmo compiles Northfield, NH figures from 3 recent recorded sales, 6 active sale listings, 1 active lease listings, 72 tracked off-market properties, the current Northfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 1 active for-lease listings in Northfield, 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: 18,461 zoned acres across 5 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
