Commercial Real Estate Market in Blackstone, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
12 active listings and 119 off-market properties in Blackstone, MA.
Market Trends
Blackstone, MA spans 11.1 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Blackstone, 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 Blackstone, 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 Blackstone, 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 Blackstone, MA asks $194/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 99.6%
- Industrial 0.2%
- Commercial 0.1%
Largest Zones share of zoned land by district
Residential II
Residential I
Residential III
Industrial
Commercial
Blackstone, MA zones 9,229 acres across 5 districts. Commercial zoning covers 0.1% of zoned land, residential 99.6% and industrial 0.2%. The largest single district is Residential II at 52.6%. For commercial buyers the practical constraint is that only 0.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Blackstone, MA has 9,208 residents in 4,079 households. Density runs 829 people per square mile. Median household income here is $98,986 and median gross rent $1,157 a month.
9,208
Population
4,079
Households
2.3
Avg Household Size
43
Median Age
35%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
829
Density / Sq Mi
$98,986
Median Household Income
$61,973
Median Earnings
$1,157
Median Rent
$394,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Smithfield | $196 (county avg) | $17.73 |
| Woonsocket | $196 (county avg) | $12.07 |
| Burrillville | $196 (county avg) | $17.35 |
| Lincoln | $196 (county avg) | $21.25 |
Commercial property in Blackstone, MA asks $155/SF. The 4 bordering markets run from $196/SF in North Smithfield to $196/SF in North Smithfield, and the city sits below their $196/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Blackstone?
Commercial property in Blackstone, MA asks an average of $155 per square foot. Multifamily carries the highest asking price at $194/SF.
How does Blackstone compare to nearby markets on price?
Blackstone, MA asks $155/SF against $196/SF in North Smithfield, $196/SF in Woonsocket, $196/SF in Burrillville and $196/SF in Lincoln.
What zoning applies to commercial property in Blackstone?
Blackstone, MA zones 9,229 acres across 5 districts, of which 0.1% is commercial and 0.2% industrial. The largest single district is Residential II at 52.6% of zoned land. Residential zoning covers 99.6% and open space 0%.
Where does Realmo's Blackstone market data come from?
Realmo compiles Blackstone, MA figures from 4 recent recorded sales, 8 active sale listings, 4 active lease listings, 119 tracked off-market properties, the current Blackstone zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 4 active for-lease listings in Blackstone, 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: 9,229 zoned acres across 5 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 · report a data issue
