Commercial Real Estate Market in Fitchburg, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
104 active listings and 1,007 off-market properties in Fitchburg, MA. Commercial property asks $147/SF to buy and $13.84/SF/Yr to lease.
Market Trends
Fitchburg, MA spans 30.1 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fitchburg, 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 Fitchburg, 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 Fitchburg, 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 Fitchburg, MA asks $216/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 96%
- Commercial 2.2%
- Industrial 0.7%
- Civic 0.4%
Largest Zones share of zoned land by district
Rural Residential
Residential A
Residential B
Commercial Recreation
Residential C
Fitchburg, MA zones 20,822 acres across 13 districts. Commercial zoning covers 2.2% of zoned land, residential 96% and industrial 0.7%. The largest single district is Rural Residential at 86.2%. For commercial buyers the practical constraint is that only 2.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Fitchburg, MA has 41,940 residents in 17,998 households. Density runs 1,395 people per square mile. Median household income here is $70,334 and median gross rent $1,131 a month.
41,940
Population
17,998
Households
2.3
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
30.1 sq mi
ZIP Area
1,395
Density / Sq Mi
$70,334
Median Household Income
$41,753
Median Earnings
$1,131
Median Rent
$294,600
Median Home Value
Tools
Lease vs Buy Breakeven
At $13.84/SF/Yr lease vs $147/SF buy → buying wins if held > 1.6 years.
At a 9.4% 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 |
|---|---|---|
| Lunenburg | — | — |
| Leominster | — | $11.61 |
| Westminster | — | — |
| Gardner | — | $15.59 |
Commercial property in Fitchburg, MA asks $147/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fitchburg?
Commercial property in Fitchburg, MA asks an average of $147 per square foot. The 5 most recent recorded sales traded at a median of $133/SF, so asking sits 10% above the achieved median. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Fitchburg?
Asking lease rates in Fitchburg, MA average $13.84 per square foot per year.
Is it cheaper to lease or buy commercial space in Fitchburg?
Buying beats leasing in Fitchburg, MA if the property is held longer than 1.6 years, comparing $13.84/SF/Yr asking rent with $147/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 Fitchburg?
Fitchburg, MA zones 20,822 acres across 13 districts, of which 2.2% is commercial and 0.7% industrial. The largest single district is Rural Residential at 86.2% of zoned land. Residential zoning covers 96% and open space 0%.
Where does Realmo's Fitchburg market data come from?
Realmo compiles Fitchburg, MA figures from 8 recent recorded sales, 78 active sale listings, 26 active lease listings, 1,007 tracked off-market properties, the current Fitchburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 78 active for-sale and 26 active for-lease listings in Fitchburg, 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: 20,822 zoned acres across 13 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
