Commercial Real Estate Market in Bellingham, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
25 active listings and 300 off-market properties in Bellingham, MA. Commercial property asks $712/SF to buy and $28.69/SF/Yr to lease.
Market Trends
Bellingham, MA spans 18.3 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bellingham, 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 Bellingham, 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 Bellingham, 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 space in Bellingham, MA asks $386/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 36.3%
- Residential 17.5%
- Industrial 14.9%
- Commercial 5.9%
Largest Zones share of zoned land by district
Agriculture
Suburban
Residential
Industrial
Business 1
Residential (R)
Review and decision for major residential development special permit. § 240-84 Design process. § 240-85 Alternative dimensional regulations. § 240-86 Allowable number of dwelling units. § 240-87 Density bonus. § 240-88 Affordable component.
Market overview
Demographics & Economy
Bellingham, MA has 16,945 residents in 6,555 households. Density runs 924 people per square mile. Median household income here is $120,966 and median gross rent $1,788 a month.
16,945
Population
6,555
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
924
Density / Sq Mi
$120,966
Median Household Income
$61,453
Median Earnings
$1,788
Median Rent
$425,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woonsocket | $194 (county avg) | $13.52 |
| North Smithfield | $194 (county avg) | $17.73 |
Commercial property in Bellingham, MA asks $712/SF. The 2 bordering markets run from $194/SF in Woonsocket to $194/SF in Woonsocket, and the city sits above their $194/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bellingham?
Commercial property in Bellingham, MA asks an average of $712 per square foot. The 5 most recent recorded sales traded at a median of $140/SF, so asking sits 407% above the achieved median. Multifamily carries the highest asking price at $386/SF.
How much does it cost to lease commercial space in Bellingham?
Asking lease rates in Bellingham, MA average $28.69 per square foot per year.
How does Bellingham compare to nearby markets on price?
Bellingham, MA asks $712/SF against $194/SF in Woonsocket and $194/SF in North Smithfield. Woonsocket is the cheapest entry point at 73% below Bellingham pricing, with $13.52/SF/Yr asking rents.
Where does Realmo's Bellingham market data come from?
Realmo compiles Bellingham, MA figures from 6 recent recorded sales, 20 active sale listings, 5 active lease listings, 300 tracked off-market properties, the current Bellingham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 5 active for-lease listings in Bellingham, 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: 12,101 zoned acres across 7 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
