Hanover, MD Commercial Real Estate for Lease and Sale

Explore 32 listings of Hanover commercial real estate to find the best space for your business.

Baltimore Commons - 7484 Candlewood

7484 Candlewood Road, Hanover, MD
Property

Industrial

77,135 SF
Availability

1 Space

3,750 SF
For Lease Contact for pricing
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Bldg B

7050 Hi Tech Dr, Hanover, MD
Property

Office

40,500 SF
Availability

1 Space

4,177 SF
Year Built

2008
For Lease

$23.00 - $23.50/SF/YR
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Parkway Industrial Center - 7257 Parkway Drive

7257 Parkway Drive, Hanover, MD
Property

Office

31,652 SF
Availability

3 Spaces

12,288 SF
Year Built

1978
For Lease Contact for pricing
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Baltimore Commons - 7455 New Ridge

7455 New Ridge Road, Hanover, MD
Property

Flex Space

116,250 SF
Availability Contact for availability

For Lease Contact for pricing
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Office Coworking Retail Industrial

Industrial Land
Arundel Overlook

941 Mercantile Drive Suite A-B, Hanover, MD
Property

Industrial

5,000 SF
Availability

1 Space

5,000 SF
For Lease

$17.32/SF/YR
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Route 100 Tech Park - 1745 & 1747 Dorsey Road

1745 Dorsey Road, Hanover, MD
Property

Industrial

90,240 SF
Availability

2 Spaces

5,640 SF
Year Built

2018
For Lease Contact for pricing
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1340 Charwood Road at Techwood Logistics Center | Hanover, MD

1340 Charwood Rd, Hanover, MD
Property

Industrial
Availability

1 Space

12,624 SF
Year Built

1988
For Lease Contact for pricing
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Baltimore Commons - 7465 Candlewood

7465 Candlewood Road, Hanover, MD
Property

Industrial

182,700 SF
Availability Contact for availability

For Lease Contact for pricing
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Timbuktu Shopping Center

1738-1758 Dorsey Road, Hanover, MD
Property

Retail

52,878 SF
Availability

5 Spaces

139,259 SF
For Lease Contact for pricing
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Logistics Pointe BWI - 7462 & 7466 Candlewood

7462 Candlewood Road, Hanover, MD
Property

Industrial

257,476 SF
Availability

1 Space

50,421 SF
Year Built

2010
For Lease Contact for pricing
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1328 Charwood Road

1328 Charwood Road, Hanover, MD
Property

Industrial

149,760 SF
Availability

1 Space

75,524 SF
Year Built

1987
For Lease Contact for pricing
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Baltimore Commons - 1321 Mercedes

1321 Mercedes Drive, Hanover, MD
Property

Industrial

60,300 SF
Availability Contact for availability
Year Built

1980
For Lease Contact for pricing
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Hanover Logistics Center - Delivering Q1 2024

1384 Hanover Rd, Hanover, MD
Property

Industrial
Availability

2 Spaces

245,376 SF
Year Built

2021
For Lease Contact for pricing
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14,952 SF Available

7476 New Ridge Rd, Hanover, MD
Property

Industrial
Availability

1 Space

14,952 SF
For Lease Contact for pricing
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7458 New Ridge Rd

7458 New Ridge Rd, Hanover, MD
Property

Industrial

156,000 SF
Availability

1 Space

156,000 SF
Year Built

1997
For Lease Contact for pricing
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Arundel Mills Corporate Park - 7550 Teague Road

7550 Teague Road, Hanover, MD
Property

Office

151,050 SF
Availability

8 Spaces

40,761 SF
Year Built

2005
For Lease Contact for pricing
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7114 Wright Rd

7114 Wright Rd, Hanover, MD
Property

VacantLand
For Sale

$2,950,000
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7229 Parkway Dr

7229 Parkway Dr, Hanover, MD
Property

Office

98,000 SF
Availability

1 Space

55,000 SF
Year Built

2006
For Lease Contact for pricing
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Hanover MD Warehouse Space #1672 - 500 to 10K SF

1321 Mercedes Drive, Hanover, MD
Property

Industrial

60,300 SF
Availability

1 Space

10,000 SF
Year Built

1982
For Lease

$1.50/SF/MO
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1352 Charwood Road at Techwood Logistics Center | Hanover, MD

1352 Charwood Rd, Hanover, MD
Property

Industrial
Availability

1 Space

9,174 SF
For Lease Contact for pricing
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1362 Mellon Road

1362 Mellon Road, Hanover, MD
Property

Office

44,135 SF
Availability

1 Space

2,532 SF
For Lease Contact for pricing
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Bldg 2

7250 Parkway Dr, Hanover, MD
Property

Office

81,520 SF
Availability

2 Spaces

6,776 SF
Year Built

1988
For Lease

$19.85 - $23.00/SF/YR
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1342 Charwood Rd

1342 Charwood Rd, Hanover, MD
Property

Industrial

80,250 SF
Availability

1 Space

80,250 SF
Year Built

1987
For Lease Contact for pricing
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Arundel Overlook - 901-941 Mercantile Drive

901 Mercantile Drive, Hanover, MD
Property

Industrial

117,360 SF
Availability

8 Spaces

96,000 SF
Year Built

2007
For Lease Contact for pricing
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7467 Ridge Road #310
Secure Offices
7467 Ridge Road, Hanover, MD
Services

Meeting Room

Private Office

Dedicated Desk
Amenities

Catering

Cleaning services

High-speed wifi

IT support

Kitchen

Lounge area

Parking

Printer

Receptionist/Secretarial services
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7502 Connelley Dr

7502 Connelley Dr, Hanover, MD
Property

Office

33,600 SF
Availability

7 Spaces

11,658 SF
Year Built

1989
For Lease Contact for pricing
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BWI Commerce Park - 2600 Cabover Drive

2600 Cabover Drive, Hanover, MD
Property

Industrial

35,911 SF
Availability

3 Spaces

12,000 SF
Year Built

1986
For Lease Contact for pricing
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1743 Dorsey Road

1743 Dorsey Rd, Hanover, MD
Property

Industrial

24,280 SF
Availability

2 Spaces

9,630 SF
Year Built

2014
For Lease Contact for pricing
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Arundel Overlook - 1503-1523 Signature Drive

1503 Signature Drive, Hanover, MD
Property

Industrial

108,240 SF
Availability

1 Space

2,408 SF
Year Built

2019
For Lease Contact for pricing
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7467 Ridge Road

7467 Ridge Road, Hanover, MD
Property

Office

75,272 SF
Availability

3 Spaces

24,945 SF
For Lease Contact for pricing
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7234 Ridge Rd

7234 Ridge Rd, Hanover, MD
Property

Industrial

1,260 SF
Year Built

1920
For Sale Contact for pricing
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1350 Dorsey Rd

1350 Dorsey Rd, Hanover, MD
Property

Retail

20,200 SF
Availability

1 Space

5,430 SF
Year Built

1988
For Lease Contact for pricing
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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 555,729 square feet of office space across 10 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 73,078 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 1,345,912 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 799,143 square feet of available listings. Office space available in Hanover adds up to 158,137 square feet.

Meanwhile, most of the listings of commercial property for sale in Hanover are in the Industrial 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 $24.67 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 $25 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 69,467 square feet.
Retail properties here incorporate an average of 36,539 square feet.
Industrial space in Hanover is in buildings that are, on average 96,137 square feet in size.

Hanover, MD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Hanover currently add up to 1,101,969 square feet. The market offers 10 active office listing(s), which amount to 158,137 square feet and account for 31% of commercial spaces on the market. Local retail availability includes 144,689 square feet across 4 retail space(s). Industrial space for rent opportunities in Hanover amount to 799,143 square feet across a total of 17 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	10	158,137
Retail	4	144,689
Industrial	17	799,143

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, MD. Currently, there is 1,260 square feet of commercial property for sale here , which includes 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	1	1,260

Hanover, MD Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Hanover, MD?

What factors affect the price of commercial real estate in Hanover, MD?

What is the average rent for commercial space in Hanover, MD?

What are the best areas for commercial real estate in Hanover, MD?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Hanover, MD?

Hanover, MD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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