Commercial Real Estate Market in Gardner, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
46 active listings and 605 off-market properties in Gardner, MA. Commercial property asks $93/SF to buy and $15.59/SF/Yr to lease.
Market Trends
Gardner, MA spans 24.5 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gardner, 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 Gardner, 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 Gardner, 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 Gardner, 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 91%
- Industrial 5.6%
- Commercial 3.4%
Largest Zones share of zoned land by district
Rural Residential 2
Single Family Residential 1
General Residential 3
Industrial 2
Commercial 2
Gardner, MA zones 14,595 acres across 7 districts. Commercial zoning covers 3.4% of zoned land, residential 91% and industrial 5.6%. The largest single district is Rural Residential 2 at 69.8%. For commercial buyers the practical constraint is that only 9% of land carries a commercial or industrial designation.
Rural Residential 2 (RR2)
The minimum common open space requirement of the overall tract in the RR2 shall be 30%, exclusive of areas located in floodplains and wetlands. In the COM2, IND1 and IND2, the minimum common open space requirement of the overall tract is 20%, exclusive of areas located in floodplains and wetlands. (2) Multifamily residential structures shall contain no more…
Market overview
Demographics & Economy
Gardner, MA has 21,577 residents in 9,600 households. Density runs 880 people per square mile. Median household income here is $63,526 and median gross rent $1,071 a month.
21,577
Population
9,600
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
24.5 sq mi
ZIP Area
880
Density / Sq Mi
$63,526
Median Household Income
$43,737
Median Earnings
$1,071
Median Rent
$270,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Westminster | — | — |
| Ashburnham | — | — |
| Fitchburg | — | $13.84 |
| Hubbardston | — | — |
Commercial property in Gardner, MA asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gardner?
Commercial property in Gardner, MA asks an average of $93 per square foot. The 6 most recent recorded sales traded at a median of $199/SF. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Gardner?
Asking lease rates in Gardner, MA average $15.59 per square foot per year.
What zoning applies to commercial property in Gardner?
Gardner, MA zones 14,595 acres across 7 districts, of which 3.4% is commercial and 5.6% industrial. The largest single district is Rural Residential 2 at 69.8% of zoned land. The minimum common open space requirement of the overall tract in the RR2 shall be 30%, exclusive of areas located in floodplains and wetlands. In the COM2, IND1 and IND2, the minimum common open space requirement of the overall tract is 20%, exclusive of areas located in floodplains and wetlands. (2) Multifamily residential structures shall contain no more… Residential zoning covers 91% and open space 0%.
Where does Realmo's Gardner market data come from?
Realmo compiles Gardner, MA figures from 8 recent recorded sales, 37 active sale listings, 9 active lease listings, 605 tracked off-market properties, the current Gardner zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 37 active for-sale and 9 active for-lease listings in Gardner, 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: 14,595 zoned acres across 7 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
