Commercial Real Estate Market in Belmont, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
45 active listings and 338 off-market properties in Belmont, MA. Commercial property asks $896/SF to buy and $39.89/SF/Yr to lease.
Market Trends
Belmont, MA spans 4.6 square miles in Middlesex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Belmont, 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 Belmont, 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 Belmont, 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 Belmont, MA asks $318/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
- Residential 85.5%
- Commercial 5.3%
- Open space 4.1%
- Civic 1.6%
Largest Zones share of zoned land by district
Single Residence C
Single Residence A
General Residence
Single Residence D
Single Residence B
Belmont, MA zones 3,045 acres across 18 districts. Commercial zoning covers 5.3% of zoned land, residential 85.5% and open space 4.1%. The largest single district is Single Residence C at 28.1%. For commercial buyers the practical constraint is that only 5.3% of land carries a commercial or industrial designation.
Single Residence C (SR-C)
The intent of this zone is to promote single residence C uses
Market overview
Demographics & Economy
Belmont, MA has 27,286 residents in 10,811 households. Density runs 5,874 people per square mile. Median household income here is $177,790 and median gross rent $2,382 a month.
27,286
Population
10,811
Households
2.5
Avg Household Size
42
Median Age
80%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
5,874
Density / Sq Mi
$177,790
Median Household Income
$95,206
Median Earnings
$2,382
Median Rent
$1,108,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Arlington | — | $33.18 |
| Watertown | — | $31.50 |
| Medford | — | $22.82 |
| Cambridge | — | $42.57 |
Commercial property in Belmont, MA asks $896/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Belmont?
Commercial property in Belmont, MA asks an average of $896 per square foot. The 6 most recent recorded sales traded at a median of $443/SF, so asking sits 102% above the achieved median. Multifamily carries the highest asking price at $318/SF.
How much does it cost to lease commercial space in Belmont?
Asking lease rates in Belmont, MA average $39.89 per square foot per year.
What zoning applies to commercial property in Belmont?
Belmont, MA zones 3,045 acres across 18 districts, of which 5.3% is commercial and 0% industrial. The largest single district is Single Residence C at 28.1% of zoned land. The intent of this zone is to promote single residence C uses Residential zoning covers 85.5% and open space 4.1%.
Where does Realmo's Belmont market data come from?
Realmo compiles Belmont, MA figures from 8 recent recorded sales, 22 active sale listings, 23 active lease listings, 338 tracked off-market properties, the current Belmont zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 23 active for-lease listings in Belmont, 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: 3,045 zoned acres across 18 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
