Commercial Real Estate Market in Hanover Township, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
12 active listings and 266 off-market properties in Hanover Township, PA.
Market Trends
Hanover Township, PA spans 26.3 square miles in Luzerne County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Luzerne County, office space asks $70/SF to buy. Office vacancy in Hanover Township, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Luzerne County, retail space asks $93/SF to buy. Retail vacancy in Hanover Township, PA 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 Hanover Township, PA 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 Luzerne County, multifamily space asks $93/SF to buy. Multifamily vacancy in Hanover Township, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Market overview
Demographics & Economy
Hanover Township, PA has 16,338 residents in 7,675 households. Density runs 622 people per square mile. Median household income here is $57,546 and median gross rent $883 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Plymouth | $76 | — |
| Wilkes Barre | $91 | $12.00 |
| Kingston | $124 | — |
| Edwardsville | $75 | — |
Commercial property in Hanover Township, PA asks $93/SF. The 4 bordering markets run from $75/SF in Edwardsville to $124/SF in Kingston, and the city sits above their $83/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Hanover Township?
How does Hanover Township compare to nearby markets on price?
Where does Realmo's Hanover Township market data come from?
Methodology & data sources
- Asking prices and medians
- There are 10 active for-sale and 2 active for-lease listings in Hanover Township, PA. The sale median is based on 5 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- 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
