Commercial Real Estate Market in Amherst, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
57 active listings and 373 off-market properties in Amherst, MA. Commercial property asks $19/SF to buy and $29.08/SF/Yr to lease.
Market Trends
Amherst, MA spans 54.1 square miles in Hampshire County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Amherst, MA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Amherst, MA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Amherst, MA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in Amherst, MA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 74%
- Civic 11.5%
- Special 10.9%
- Industrial 2.1%
- Commercial 1.2%
- Mixed use 0.2%
- Open space 0.1%
Largest Zones share of zoned land by district
Low Density Residence
Outlying Residence
Neighborhood Residence
Flood Prone Conservancy
Educational
Amherst, MA zones 17,775 acres across 16 districts. Commercial zoning covers 1.2% of zoned land, residential 74%, open space 0.1% and industrial 2.1%. The largest single district is Low Density Residence at 30.2%. For commercial buyers the practical constraint is that only 3.3% of land carries a commercial or industrial designation.
Low Density Residence (RLD)
The purpose of the R-LD District is to provide for residential areas that allow limited development, while providing protection for environmentally sensitive areas, agricultural resources, and other similar lands.
Market overview
Demographics & Economy
Amherst, MA has 40,811 residents in 11,174 households. Density runs 755 people per square mile. Median household income here is $69,411 and median gross rent $1,920 a month.
40,811
Population
11,174
Households
3.7
Avg Household Size
25
Median Age
66%
College-Educated
98%
High-School Grad
54.1 sq mi
ZIP Area
755
Density / Sq Mi
$69,411
Median Household Income
$16,857
Median Earnings
$1,920
Median Rent
$449,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hadley | — | $25.97 |
| Hatfield | — | $33.36 |
| Pelham | — | — |
| Northampton | — | $36.04 |
Commercial property in Amherst, MA asks $19/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Amherst?
Commercial property in Amherst, MA asks an average of $19 per square foot. The 8 most recent recorded sales traded at a median of $106/SF.
How much does it cost to lease commercial space in Amherst?
Asking lease rates in Amherst, MA average $29.08 per square foot per year.
What zoning applies to commercial property in Amherst?
Amherst, MA zones 17,775 acres across 16 districts, of which 1.2% is commercial and 2.1% industrial. The largest single district is Low Density Residence at 30.2% of zoned land. The purpose of the R-LD District is to provide for residential areas that allow limited development, while providing protection for environmentally sensitive areas, agricultural resources, and other similar lands. Residential zoning covers 74% and open space 0.1%.
Where does Realmo's Amherst market data come from?
Realmo compiles Amherst, MA figures from 8 recent recorded sales, 35 active sale listings, 22 active lease listings, 373 tracked off-market properties, the current Amherst zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 35 active for-sale and 22 active for-lease listings in Amherst, MA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 17,775 zoned acres across 16 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
