Commercial Real Estate Market in Hanover, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
103 active listings and 1,511 off-market properties in Hanover, PA. Commercial property asks $134/SF to buy and $18.00/SF/Yr to lease (based on 3 listings).
Market Trends
Hanover, PA spans 74.4 square miles in York County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Hanover, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Hanover, 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, 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 York County, multifamily space asks $108/SF to buy. Multifamily vacancy in Hanover, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 33.5%
- Commercial 26.9%
- Planned_development 17.2%
- Industrial 11.8%
- Mixed use 10.7%
Largest Zones share of zoned land by district
Hanover, PA zones 2,370 acres across 9 districts. Commercial zoning covers 26.9% of zoned land, residential 33.5% and industrial 11.8%. The largest single district is Higher Density Residential at 23%. For commercial buyers the practical constraint is that only 38.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Hanover, PA has 55,458 residents in 23,528 households. Density runs 745 people per square mile. Median household income here is $76,661 and median gross rent $1,127 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Hanover?
How much does it cost to lease commercial space in Hanover?
What zoning applies to commercial property in Hanover?
Where does Realmo's Hanover market data come from?
Methodology & data sources
- Asking prices and medians
- There are 51 active for-sale and 52 active for-lease listings in Hanover, PA. The medians are based on 19 of the for-sale and 3 of the for-lease listings, those that state a price or rent per square foot. 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.
- Zoning and land use
- The current municipal zoning release: 2,370 zoned acres across 9 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 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
