Hanover, PA Commercial Real Estate for Lease and Sale

Explore 59 listings of Hanover commercial real estate to find the best space for your business.

Hanover Commerce Park, Bldg. 4

Hanover Commerce Park, Bldg. 4, Hanover, PA
Property

Industrial

200,880 SF
Availability

1 Space

200,880 SF
Year Built

2029
For Lease Contact for pricing
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360 W Eisenhower Drive

360 W Eisenhower Drive, Hanover, PA
Property

Retail
Availability

1 Space
For Lease Contact for pricing
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Hanover Crossings

411 Eisenhower Drive, Hanover, PA
Property

Retail

396,345 SF
Availability

1 Space

1,050 SF
Year Built

1992
For Lease

$16.00/SF/YR
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Hanover Parcels Lot I-I

Eisenhower Dr & Wilson Ave, Hanover, PA
Property

VacantLand

4.92 Acre
For Sale Contact for pricing
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1526 Carlisle Pike

1526 Carlisle Pike, Hanover, PA
Property

Retail

3,150 SF
Availability

1 Space

3,150 SF
Year Built

1954
For Lease Contact for pricing
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762 Wilson Ave

762 Wilson Ave, Hanover, PA
Property

Industrial

29,400 SF
For Sale

$2,352,000
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475 Fame Avenue

475 Fame Avenue, Hanover, PA
Property

Industrial

53,432 SF
Availability

1 Space

55,254 SF
Year Built

1966
For Lease

$6.00/SF/YR
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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 93,619 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 1,868,941 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 4,163,599 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 2,081,185 square feet of available listings. Retail space available in Hanover adds up to 293,008 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 $14.46 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 $24 per square foot. In particular, the property type commanding the highest lease rates in Hanover was Retail space.
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 11,703 square feet.
- Retail properties here incorporate an average of 71,883 square feet.
- Industrial space in Hanover is in buildings that are, on average 231,312 square feet in size.

Hanover, PA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Hanover currently add up to 2,746,933 square feet. The market offers 7 active office listing(s), which amount to 22,082 square feet and account for 17% of commercial spaces on the market. Local retail availability includes 293,008 square feet across 21 retail space(s). Industrial space for rent opportunities in Hanover amount to 2,081,185 square feet across a total of 9 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	7	22,082
Retail	21	293,008
Industrial	9	2,081,185
Other	2	350,658

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, PA. Currently, there is 2,145,747 square feet of commercial property for sale here , which includes 3 office building(s) for sale , 6 retail investment opportunity listing(s) , and 9 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	3	50,192
Retail	6	47,123
Industrial	9	2,048,417
Other	4	15

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, PA Commercial Real Estate for Lease and Sale

Hanover Commerce Park, Bldg. 4

360 W Eisenhower Drive

Hanover Crossings

Hanover Parcels Lot I-I

1526 Carlisle Pike

762 Wilson Ave

475 Fame Avenue

Frequently Asked Questions

Hanover, PA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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