Commercial Real Estate Market in Concord, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
47 active listings and 387 off-market properties in Concord, MA. Commercial property asks $524/SF to buy and $20.47/SF/Yr to lease.
Market Trends
Concord, MA spans 24.1 square miles in Middlesex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Concord, 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 Concord, 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 Concord, 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 Concord, 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 95.3%
- Industrial 3.3%
- Commercial 0.7%
- Mixed use 0.2%
- Civic 0.2%
Largest Zones share of zoned land by district
Residence AA
Residence A
Residence B
Residence C
Industrial Park A
Concord, MA zones 16,399 acres across 18 districts. Commercial zoning covers 0.7% of zoned land, residential 95.3% and industrial 3.3%. The largest single district is Residence AA at 50.2%. For commercial buyers the practical constraint is that only 4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Concord, MA has 18,545 residents in 6,659 households. Density runs 769 people per square mile. Median household income here is $211,435 and median gross rent $2,471 a month.
18,545
Population
6,659
Households
2.8
Avg Household Size
47
Median Age
79%
College-Educated
96%
High-School Grad
24.1 sq mi
ZIP Area
769
Density / Sq Mi
$211,435
Median Household Income
$112,975
Median Earnings
$2,471
Median Rent
$1,139,200
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.47/SF/Yr lease vs $524/SF buy → buying wins if held > 21.5 years.
At a 3.9% 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 |
|---|---|---|
| Lincoln | — | — |
| Hanscom AFB | — | — |
| Bedford | — | — |
| Carlisle | — | — |
Commercial property in Concord, MA asks $524/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Concord?
Commercial property in Concord, MA asks an average of $524 per square foot. The 3 most recent recorded sales traded at a median of $340/SF, so asking sits 54% above the achieved median. Multifamily carries the highest asking price at $318/SF.
How much does it cost to lease commercial space in Concord?
Asking lease rates in Concord, MA average $20.47 per square foot per year.
Is it cheaper to lease or buy commercial space in Concord?
Buying beats leasing in Concord, MA if the property is held longer than 21.5 years, comparing $20.47/SF/Yr asking rent with $524/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 Concord?
Concord, MA zones 16,399 acres across 18 districts, of which 0.7% is commercial and 3.3% industrial. The largest single district is Residence AA at 50.2% of zoned land. Residential zoning covers 95.3% and open space 0%.
Where does Realmo's Concord market data come from?
Realmo compiles Concord, MA figures from 6 recent recorded sales, 16 active sale listings, 31 active lease listings, 387 tracked off-market properties, the current Concord zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 31 active for-lease listings in Concord, 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: 16,399 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
