Hanover, MA Commercial Real Estate for Lease and Sale

Explore 11 listings of Hanover commercial real estate to find the best space for your business.

285 CIRCUIT STREET

285 CIRCUIT STREET, Hanover, HANOVER, MA
Property

Industrial

19,377 SF
Availability

2 Spaces

26,300 SF
For Lease

$1.00/SF/YR
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Charles David Place

222 Webster St, Hanover, MA
Property

Office

16,000 SF
Availability

2 Spaces

4,192 SF
Year Built

1987
For Lease

$20.00/SF/YR
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Merchants Row

2053 Washington St, Hanover, MA
Property

Retail

23,237 SF
Availability

1 Space

6,400 SF
For Lease Contact for pricing
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1131 Washington St

1131 Washington St, Hanover, MA
Property

Retail

11,018 SF
Availability

1 Space

11,018 SF
Year Built

1984
For Lease

$13.00/SF/YR
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Hanover Wellness Center

20 East Street , Hanover, MA
Property

Office

47,124 SF
Availability

4 Spaces

5,084 SF
Year Built

1989
For Lease Contact for pricing
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385 King Street

385 King St, Hanover, MA
Property

Office

59,211 SF
Availability

2 Spaces

10,000 SF
Year Built

1940
For Lease

$6.00/SF/YR
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Columbia Retail Center

220-228 Columbia Rd, Hanover, MA
Property

Retail

59,590 SF
Availability

2 Spaces

6,960 SF
Year Built

1957
For Lease Contact for pricing
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Hanover Interchange

Route 3 & Route 53, Hanover, MA
Property

Land

1,000,000 SF
Availability

1 Space

1,000,000 SF
For Lease Contact for pricing
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Mill Pond Office Park

51 Mill St, Hanover, MA
Property

Office

3,200 SF
Availability

1 Space

3,200 SF
For Lease Contact for pricing
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1167 Washington St

1167 Washington St, Hanover, MA
Property

Retail

137,617 SF
Availability

1 Space

1,939 SF
Year Built

2009
For Lease Contact for pricing
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51 Mill Street

51 Mill Street, Hanover, MA
Property

Office

1,960 SF
For Sale

$349,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Hanover commercial real estate market incorporates 127,495 square feet of office space across 5 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Hanover commercial real estate market includes 93,845 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Hanover market, there is a total of 19,377 square feet of industrial property.
The listing inventory in Hanover incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Hanover is represented by Industrial space, which accounts for 26,300 square feet of available listings. Retail space available in Hanover adds up to 24,378 square feet.

Meanwhile, most of the listings of commercial property for sale in Hanover are in the Office category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Hanover is $16.9 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Hanover can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Hanover, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $20 per square foot.
The average size of a commercial property in Hanover depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Hanover, the average size of an office property is 25,499 square feet.
- Retail properties here incorporate an average of 31,282 square feet.
- Industrial space in Hanover is in buildings that are, on average 19,377 square feet in size.

Hanover, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Hanover currently add up to 1,073,964 square feet. The market offers 4 active office listing(s), which amount to 23,286 square feet and account for 40% of commercial spaces on the market. Local retail availability includes 24,378 square feet across 3 retail space(s). Industrial space for rent opportunities in Hanover amount to 26,300 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	4	23,286
Retail	3	24,378
Industrial	2	26,300
Other	1	1,000,000

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Hanover, MA. Currently, there is 1,960 square feet of commercial property for sale here , which includes 1 office building(s) for sale .

Property Type	Count of Listings	Total SF
Office	1	1,960

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Hanover, MA Commercial Real Estate for Lease and Sale

285 CIRCUIT STREET

Charles David Place

Merchants Row

1131 Washington St

Hanover Wellness Center

385 King Street

Columbia Retail Center

Hanover Interchange

Mill Pond Office Park

1167 Washington St

51 Mill Street

Frequently Asked Questions

Hanover, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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