Commercial Real Estate Market in Danvers, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
68 active listings and 733 off-market properties in Danvers, MA. Commercial property asks $508/SF to buy and $19.05/SF/Yr to lease.
Market Trends
Danvers, MA spans 13.2 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Danvers, 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 Danvers, 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 Danvers, 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 Danvers, 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 60.6%
- Civic 23.6%
- Industrial 8.8%
- Commercial 3.1%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Residential 3
Civic Space
Residential 2
Residential 1
Highway Corridor
Danvers, MA zones 8,441 acres across 24 districts. Commercial zoning covers 3.1% of zoned land, residential 60.6% and industrial 8.8%. The largest single district is Residential 3 at 28.3%. For commercial buyers the practical constraint is that only 11.9% of land carries a commercial or industrial designation.
Residential 3 (R3)
The purpose of this district is to provide residential uses.
Market overview
Demographics & Economy
Danvers, MA has 27,987 residents in 11,405 households. Density runs 2,119 people per square mile. Median household income here is $117,072 and median gross rent $2,004 a month.
27,987
Population
11,405
Households
2.5
Avg Household Size
46
Median Age
47%
College-Educated
95%
High-School Grad
13.2 sq mi
ZIP Area
2,119
Density / Sq Mi
$117,072
Median Household Income
$59,916
Median Earnings
$2,004
Median Rent
$611,200
Median Home Value
Tools
Lease vs Buy Breakeven
At $19.05/SF/Yr lease vs $508/SF buy → buying wins if held > 23.6 years.
At a 3.8% 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 |
|---|---|---|
| Peabody | — | $23.16 |
| Wenham | — | — |
| Middleton | — | $23.56 |
| Topsfield | — | — |
Commercial property in Danvers, MA asks $508/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Danvers?
Commercial property in Danvers, MA asks an average of $508 per square foot. The 6 most recent recorded sales traded at a median of $277/SF, so asking sits 83% above the achieved median. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Danvers?
Asking lease rates in Danvers, MA average $19.05 per square foot per year.
Is it cheaper to lease or buy commercial space in Danvers?
Buying beats leasing in Danvers, MA if the property is held longer than 23.6 years, comparing $19.05/SF/Yr asking rent with $508/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 Danvers?
Danvers, MA zones 8,441 acres across 24 districts, of which 3.1% is commercial and 8.8% industrial. The largest single district is Residential 3 at 28.3% of zoned land. The purpose of this district is to provide residential uses. Residential zoning covers 60.6% and open space 0%.
Where does Realmo's Danvers market data come from?
Realmo compiles Danvers, MA figures from 7 recent recorded sales, 31 active sale listings, 37 active lease listings, 733 tracked off-market properties, the current Danvers zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 37 active for-lease listings in Danvers, 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: 8,441 zoned acres across 24 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
