Commercial Real Estate Market in Beverly, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
66 active listings and 650 off-market properties in Beverly, MA. Commercial property asks $670/SF to buy and $17.52/SF/Yr to lease.
Market Trends
Beverly, MA spans 14.2 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Beverly, 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 Beverly, 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 Beverly, 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 Beverly, MA asks $324/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 84.1%
- Industrial 11.1%
- Commercial 2.8%
- Open space 1.4%
- Civic 0.5%
- Mixed use 0.2%
Largest Zones share of zoned land by district
One Family Residential Urban Density
One Family Residential Suburban Density
One Family Residential
One Family Residential Suburban Density
One Family Residential Urban Density
Beverly, MA zones 9,908 acres across 18 districts. Commercial zoning covers 2.8% of zoned land, residential 84.1%, open space 1.4% and industrial 11.1%. The largest single district is One Family Residential Urban Density at 24.8%. For commercial buyers the practical constraint is that only 13.9% of land carries a commercial or industrial designation.
One Family Residential Urban Density (R10)
The R-10 One-Family District is established to principally provide for single-family detached residences at urban density on small-sized lots
Market overview
Demographics & Economy
Beverly, MA has 42,341 residents in 17,318 households. Density runs 2,980 people per square mile. Median household income here is $102,347 and median gross rent $1,684 a month.
42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,980
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hamilton | — | — |
| Wenham | — | — |
| Salem | — | $22.21 |
| Peabody | — | $23.16 |
Commercial property in Beverly, MA asks $670/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Beverly?
Commercial property in Beverly, MA asks an average of $670 per square foot. The 5 most recent recorded sales traded at a median of $362/SF, so asking sits 85% above the achieved median. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Beverly?
Asking lease rates in Beverly, MA average $17.52 per square foot per year.
What zoning applies to commercial property in Beverly?
Beverly, MA zones 9,908 acres across 18 districts, of which 2.8% is commercial and 11.1% industrial. The largest single district is One Family Residential Urban Density at 24.8% of zoned land. The R-10 One-Family District is established to principally provide for single-family detached residences at urban density on small-sized lots Residential zoning covers 84.1% and open space 1.4%.
Where does Realmo's Beverly market data come from?
Realmo compiles Beverly, MA figures from 8 recent recorded sales, 46 active sale listings, 20 active lease listings, 650 tracked off-market properties, the current Beverly zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 20 active for-lease listings in Beverly, 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: 9,908 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 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
