Commercial Real Estate Market in Essex, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 129 off-market properties in Essex, MA. Commercial property asks $519/SF to buy and $22.93/SF/Yr to lease.
Market Trends
Essex, MA spans 13.9 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Essex, 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 Essex, 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 Essex, 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 Essex, 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
Market overview
Demographics & Economy
Essex, MA has 3,618 residents in 1,527 households. Density runs 260 people per square mile. Median household income here is $151,509 and median gross rent $1,828 a month.
3,618
Population
1,527
Households
2.4
Avg Household Size
45
Median Age
69%
College-Educated
96%
High-School Grad
13.9 sq mi
ZIP Area
260
Density / Sq Mi
$151,509
Median Household Income
$66,033
Median Earnings
$1,828
Median Rent
$828,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hamilton | — | — |
| Ipswich | — | $23.15 |
| Gloucester | — | $17.14 |
| Beverly | — | $17.52 |
Commercial property in Essex, MA asks $519/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Essex?
Commercial property in Essex, MA asks an average of $519 per square foot. The 4 most recent recorded sales traded at a median of $300/SF, so asking sits 73% above the achieved median. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Essex?
Asking lease rates in Essex, MA average $22.93 per square foot per year.
Where does Realmo's Essex market data come from?
Realmo compiles Essex, MA figures from 8 recent recorded sales, 4 active sale listings, 3 active lease listings, 129 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 3 active for-lease listings in Essex, 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.
- 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
