Commercial Real Estate Market in Georgetown, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
37 active listings and 144 off-market properties in Georgetown, MA. Commercial property asks $304/SF to buy and $30.33/SF/Yr to lease.
Market Trends
Georgetown, MA spans 12.8 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Georgetown, 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 Georgetown, 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 Georgetown, 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 Georgetown, 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 84.4%
- Industrial 7.7%
- Open space 7%
- Commercial 0.9%
Largest Zones share of zoned land by district
Residential B
Residential C
Residential A
Industrial B
Town Forest
Georgetown, MA zones 8,420 acres across 10 districts. Commercial zoning covers 0.9% of zoned land, residential 84.4%, open space 7% and industrial 7.7%. The largest single district is Residential B at 42%. For commercial buyers the practical constraint is that only 8.6% of land carries a commercial or industrial designation.
Residential A (RA)
ATM, Art. 23 (Amdt. No. 167)] Accessory buildings and pools: Except under the following conditions, a detached accessory building or pool shall conform to the dimensional setback regulations listed in § 165-11 . In the RA, RB and RC Zoning Districts, the Zoning Board of Appeals may allow by special permit a detached accessory building or pool to be located w…
Market overview
Demographics & Economy
Georgetown, MA has 8,410 residents in 3,220 households. Density runs 656 people per square mile. Median household income here is $153,565 and median gross rent $1,973 a month.
8,410
Population
3,220
Households
2.6
Avg Household Size
44
Median Age
54%
College-Educated
98%
High-School Grad
12.8 sq mi
ZIP Area
656
Density / Sq Mi
$153,565
Median Household Income
$78,497
Median Earnings
$1,973
Median Rent
$614,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Groveland | — | — |
| Boxford | — | — |
| West Newbury | — | — |
| Haverhill | — | $16.75 |
Commercial property in Georgetown, MA asks $304/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Georgetown?
Commercial property in Georgetown, MA asks an average of $304 per square foot. The 4 most recent recorded sales traded at a median of $161/SF, so asking sits 89% above the achieved median. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Georgetown?
Asking lease rates in Georgetown, MA average $30.33 per square foot per year.
What zoning applies to commercial property in Georgetown?
Georgetown, MA zones 8,420 acres across 10 districts, of which 0.9% is commercial and 7.7% industrial. The largest single district is Residential B at 42% of zoned land. Residential zoning covers 84.4% and open space 7%.
Where does Realmo's Georgetown market data come from?
Realmo compiles Georgetown, MA figures from 5 recent recorded sales, 13 active sale listings, 24 active lease listings, 144 tracked off-market properties, the current Georgetown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 24 active for-lease listings in Georgetown, 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: 8,420 zoned acres across 10 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
