Hanover, MD Commercial Real Estate for Lease - 36 Listings

Bldg B

7050 Hi Tech Dr, Hanover, MD
Property

Office

40,500 SF
Availability

1 Space

4,177 SF
Year Built

2008
For Lease

$23.50/SF/YR
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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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Prologis Airport Commons

7445 New Ridge Road, Hanover, MD
Property

Industrial

236,750 SF
Availability

1 Space

181,391 SF
Year Built

1997
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

2 Spaces

10,320 SF
Year Built

2007
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

1 Space

9,808 SF
For Lease Contact for pricing
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Ridgeview Plaza

2657 Annapolis Road, Hanover, MD
Property

Retail

169,286 SF
Availability

1 Space

1,200 SF
Year Built

1988
For Lease Contact for pricing
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Baltimore Commons - 1321 Mercedes

1321 Mercedes Drive, Hanover, MD
Property

Industrial

60,300 SF
Availability

2 Spaces

8,100 SF
Year Built

1980
For Lease Contact for pricing
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7467 Ridge Rd

7467 Ridge Rd, Hanover, MD
Property

Office

74,326 SF
Availability

2 Spaces

12,629 SF
Year Built

1990
For Lease

$25.00/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

12,440 SF
Year Built

1978
For Lease Contact for pricing
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7459 Candlewood Road

7459 Candlewood Road, Hanover, MD
Property

Industrial

21,150 SF
Availability

1 Space

21,150 SF
For Lease

$8.25/SF/YR
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Baltimore Commons - 7465 Candlewood

7465 Candlewood Road, Hanover, MD
Property

Industrial

182,700 SF
Availability

1 Space

16,141 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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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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7229 Parkway Dr

7229 Parkway Dr, Hanover, MD
Property

Office

98,000 SF
Availability

1 Space

17,275 SF
Year Built

2006
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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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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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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1352 Charwood Rd

1352 Charwood Rd, Hanover, MD
Property

Industrial

67,777 SF
Availability

2 Spaces

15,369 SF
Year Built

1989
For Lease Contact for pricing
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Prologis Airport Commons - Hanover Crossing at New Ridge

7460 New Ridge Road, Hanover, MD
Property

Industrial

243,500 SF
Availability

1 Space

36,250 SF
Year Built

2014
For Lease Contact for pricing
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Bldg 2

7250 Parkway Dr, Hanover, MD
Property

Office

81,520 SF
Availability

3 Spaces

21,556 SF
Year Built

1988
For Lease

$19.85/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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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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Arundel Overlook - 961 & 980 Mercantile Drive

961 Mercantile Drive, Hanover, MD
Property

Industrial

87,240 SF
Availability

1 Space

4,140 SF
Year Built

2010
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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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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7251 Standard Dr

7251 Standard Dr, Hanover, MD
Property

Industrial

50,400 SF
Availability

1 Space

38,479 SF
Year Built

1965
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 479,005 square feet of office space across 11 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 242,364 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 1,869,209 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 567,314 square feet of available listings. Retail space available in Hanover adds up to 145,889 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 $22.41 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 59,876 square feet.
Retail properties here incorporate an average of 80,788 square feet.
Industrial space in Hanover is in buildings that are, on average 98,380 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 826,241 square feet. The market offers 11 active office listing(s), which amount to 103,230 square feet and account for 28% of commercial spaces on the market. Local retail availability includes 145,889 square feet across 4 retail space(s). Industrial space for rent opportunities in Hanover amount to 567,314 square feet across a total of 23 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	11	103,230
Retail	4	145,889
Industrial	23	567,314
Other	1	9,808

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 - 36 Listings

Bldg B

Logistics Pointe BWI - 7462 & 7466 Candlewood

Prologis Airport Commons

Arundel Overlook - 901-941 Mercantile Drive

Baltimore Commons - 7455 New Ridge

Ridgeview Plaza

Baltimore Commons - 1321 Mercedes

7467 Ridge Rd

Parkway Industrial Center - 7257 Parkway Drive

7459 Candlewood Road

Baltimore Commons - 7465 Candlewood

1362 Mellon Road

Arundel Overlook

7229 Parkway Dr

1328 Charwood Road

Hanover Logistics Center - Delivering Q1 2024

1340 Charwood Road at Techwood Logistics Center | Hanover, MD

1352 Charwood Rd

Prologis Airport Commons - Hanover Crossing at New Ridge

Bldg 2

Route 100 Tech Park - 1745 & 1747 Dorsey Road

1352 Charwood Road at Techwood Logistics Center | Hanover, MD

Arundel Overlook - 961 & 980 Mercantile Drive

Timbuktu Shopping Center

7467 Ridge Road #310

7251 Standard Dr

Frequently Asked Questions

Hanover, MD Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Hanover, MD Commercial Real Estate for Lease - 36 Listings

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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About us