Commercial Real Estate Market in Billerica, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
90 active listings and 909 off-market properties in Billerica, MA. Commercial property asks $181/SF to buy and $17.63/SF/Yr to lease.
Market Trends
Billerica, MA spans 16.6 square miles in Middlesex County, Massachusetts. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Billerica, 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 Billerica, 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 Billerica, 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 Billerica, MA asks $359/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 76.7%
- Industrial 20.2%
- Commercial 3.1%
Largest Zones share of zoned land by district
Rural Residence
Industrial
Village Residence
Neighborhood Residence
General Business
Billerica, MA zones 16,276 acres across 9 districts. Commercial zoning covers 3.1% of zoned land, residential 76.7% and industrial 20.2%. The largest single district is Rural Residence at 40.3%. For commercial buyers the practical constraint is that only 23.3% of land carries a commercial or industrial designation.
Rural Residence (RR)
The intent of this to promote Rural Residence uses.
Market overview
Demographics & Economy
Billerica, MA has 30,909 residents in 11,666 households. Density runs 1,863 people per square mile. Median household income here is $142,564 and median gross rent $2,211 a month.
30,909
Population
11,666
Households
2.6
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
16.6 sq mi
ZIP Area
1,863
Density / Sq Mi
$142,564
Median Household Income
$65,056
Median Earnings
$2,211
Median Rent
$581,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.63/SF/Yr lease vs $181/SF buy → buying wins if held > 1.5 years.
At a 9.8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wilmington | — | — |
| Bedford | — | — |
| Burlington | — | $35.25 |
| Tewksbury | — | $76.88 |
Commercial property in Billerica, MA asks $181/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Billerica?
Commercial property in Billerica, MA asks an average of $181 per square foot. The 6 most recent recorded sales traded at a median of $244/SF. Multifamily carries the highest asking price at $359/SF.
How much does it cost to lease commercial space in Billerica?
Asking lease rates in Billerica, MA average $17.63 per square foot per year.
Is it cheaper to lease or buy commercial space in Billerica?
Buying beats leasing in Billerica, MA if the property is held longer than 1.5 years, comparing $17.63/SF/Yr asking rent with $181/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Billerica?
Billerica, MA zones 16,276 acres across 9 districts, of which 3.1% is commercial and 20.2% industrial. The largest single district is Rural Residence at 40.3% of zoned land. The intent of this to promote Rural Residence uses. Residential zoning covers 76.7% and open space 0%.
Where does Realmo's Billerica market data come from?
Realmo compiles Billerica, MA figures from 6 recent recorded sales, 27 active sale listings, 63 active lease listings, 909 tracked off-market properties, the current Billerica zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 63 active for-lease listings in Billerica, 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: 16,276 zoned acres across 9 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
