Commercial Real Estate Market in Florence, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
109 active listings and 1,103 off-market properties in Florence, MA. Commercial property asks $246/SF to buy and $24.49/SF/Yr to lease.
Market Trends
Florence, MA spans 17.5 square miles in Hampshire County, Massachusetts. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Florence, 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 Florence, 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 Florence, 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 vacancy in Florence, MA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Florence, MA has 10,910 residents in 4,481 households. Density runs 625 people per square mile. Median household income here is $87,800 and median gross rent $1,016 a month.
10,910
Population
4,481
Households
2.4
Avg Household Size
49
Median Age
52%
College-Educated
94%
High-School Grad
17.5 sq mi
ZIP Area
625
Density / Sq Mi
$87,800
Median Household Income
$49,979
Median Earnings
$1,016
Median Rent
$389,000
Median Home Value
Tools
Lease vs Buy Breakeven
At $24.49/SF/Yr lease vs $246/SF buy → buying wins if held > 1.4 years.
At a 9.9% 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 |
|---|---|---|
| Northampton | — | $24.49 |
| Hadley | — | $25.97 |
| Easthampton | — | $15.87 |
| Hatfield | — | $33.36 |
Commercial property in Florence, MA asks $246/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Florence?
Commercial property in Florence, MA asks an average of $246 per square foot. The 5 most recent recorded sales traded at a median of $219/SF, so asking sits 12% above the achieved median.
How much does it cost to lease commercial space in Florence?
Asking lease rates in Florence, MA average $24.49 per square foot per year.
Is it cheaper to lease or buy commercial space in Florence?
Buying beats leasing in Florence, MA if the property is held longer than 1.4 years, comparing $24.49/SF/Yr asking rent with $246/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.
Where does Realmo's Florence market data come from?
Realmo compiles Florence, MA figures from 7 recent recorded sales, 62 active sale listings, 47 active lease listings, 1,103 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 62 active for-sale and 47 active for-lease listings in Florence, 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
