Commercial Real Estate Market in Massachusetts
Massachusetts has 6,422 active for-sale listings and 6,381 active for-lease listings. Statewide, the median asking price is $274/SF and the median asking rent is $21.62/SF/Yr as of November 2026. Realmo tracks 196 city markets here; among the 68 with enough listings to rank, median asking prices range from $110/SF in Pittsfield to $819/SF in Provincetown.
- Median asking price
- $274/SF
- Median asking rent
- $21.62/SF/Yr
- For-sale listings
- 6,422
- For-lease listings
- 6,381
- City markets
- 196
Highest- and Lowest-Priced Markets
Asking prices vary across Massachusetts: the median in Provincetown is $819/SF, 7.5x the $110/SF median in Pittsfield. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Provincetown at $819/SF, Brookline at $714/SF and Cambridge at $628/SF. The lowest median asking prices are in Pittsfield at $110/SF, Adams at $119/SF and Palmer at $127/SF. 36 of 68 ranked markets have median asking prices above the statewide $274/SF.
Asking Rents
The highest median asking rents are in Burlington at $42.38/SF/Yr, Cambridge at $40.00/SF/Yr and Somerville at $40.00/SF/Yr. The lowest median asking rents are in Westfield at $12.00/SF/Yr, Webster at $13.03/SF/Yr and Rowley at $13.25/SF/Yr. 30 of 78 ranked markets have median asking rents above the statewide $21.62/SF/Yr.
Massachusetts vs. Neighboring States
The median asking price in Massachusetts is $274/SF, above the $184/SF median of its 5 neighboring states. By median asking price, the state ranks 2nd of 6 in the group; New York is highest at $292/SF and Vermont lowest at $141/SF. The median asking rent is $21.62/SF/Yr, compared with $22.66/SF/Yr in New York, $18.00/SF/Yr in Connecticut and $15.46/SF/Yr in New Hampshire next door. The statewide median asking price is above the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Massachusetts | $274 | $21.62 | 6,422 | 6,381 |
| Connecticut | $177 | $18.00 | 3,024 | 3,566 |
| New Hampshire | $184 | $15.46 | 1,420 | 1,062 |
| New York | $292 | $22.66 | 25,693 | 11,512 |
| Rhode Island | $217 | $18.00 | 1,710 | 647 |
| Vermont | $141 | $14.00 | 738 | 258 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Massachusetts
Realmo tracks 196 city markets in Massachusetts; the 40 with the most active listings are listed below. Boston leads with 1,865 active listings, followed by Worcester and Springfield.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Boston | 1,865 | $502 | $36.50 |
| Worcester | 430 | $191 | $21.00 |
| Springfield | 330 | $141 | $15.50 |
| Cambridge | 302 | $628 | $40.00 |
| Fall River | 239 | $210 | $14.00 |
| New Bedford | 238 | $204 | $15.00 |
| Lowell | 208 | $239 | $16.00 |
| Waltham | 194 | $414 | $23.00 |
| Somerville | 184 | $485 | $40.00 |
| Newton | 159 | $581 | $35.00 |
| Malden | 149 | $358 | $30.00 |
| Quincy | 148 | $411 | $26.50 |
| Lawrence | 137 | $244 | $21.98 |
| Lynn | 128 | $303 | $28.10 |
| Framingham | 122 | $325 | $22.00 |
| Brookline | 121 | $714 | $38.00 |
| Plymouth | 118 | $340 | $21.32 |
| Brockton | 113 | $241 | $17.53 |
| Stoughton | 113 | — | $21.72 |
| Peabody | 108 | $291 | $22.00 |
| Fitchburg | 106 | $195 | $16.00 |
| Holyoke | 105 | $139 | $14.70 |
| Taunton | 105 | $254 | $33.91 |
| Barnstable | 104 | $250 | $30.00 |
| North Andover | 104 | $156 | $24.00 |
| Medford | 102 | $405 | $24.16 |
| Northampton | 102 | $211 | $22.00 |
| Woburn | 102 | $406 | $23.00 |
| Pittsfield | 99 | $110 | — |
| Haverhill | 98 | $235 | $19.00 |
| Chicopee | 90 | $174 | $18.71 |
| Burlington | 88 | — | $42.38 |
| Marlborough | 87 | $311 | — |
| Salem | 85 | $313 | $19.00 |
| Billerica | 84 | — | $14.50 |
| Everett | 84 | $347 | $25.00 |
| Franklin | 84 | $319 | $20.00 |
| Andover | 83 | — | $29.00 |
| Norwood | 80 | $348 | $14.47 |
| Amesbury | 77 | $205 | $21.03 |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Massachusetts?
How much does it cost to lease commercial space in Massachusetts?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in Massachusetts compare with neighboring states?
Which markets in Massachusetts have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 6,422 active for-sale and 6,381 active for-lease listings across Massachusetts in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 2,994 for-sale and 2,160 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
