Commercial Real Estate Market in Gloucester, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
56 active listings and 845 off-market properties in Gloucester, MA. Commercial property asks $594/SF to buy and $17.14/SF/Yr to lease.
Market Trends
Gloucester, MA spans 26.2 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gloucester, 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 Gloucester, 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 Gloucester, 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 Gloucester, 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 81.4%
- Commercial 13.4%
- Industrial 4.8%
- Civic 0.5%
Largest Zones share of zoned land by district
Low Medium Density Residential
Low Density Residential
Rural Residential
Medium High Density Residential
Rural Residential
Gloucester, MA zones 17,333 acres across 15 districts. Commercial zoning covers 13.4% of zoned land, residential 81.4% and industrial 4.8%. The largest single district is Low Medium Density Residential at 28.1%. For commercial buyers the practical constraint is that only 18.2% of land carries a commercial or industrial designation.
Low Medium Density Residential (R-20)
This district is intended to accommodate single family residential development and, where appropriate, two family and multi-family development. This district provides a transition from the rural districts to the high density districts of the city.
Market overview
Demographics & Economy
Gloucester, MA has 29,729 residents in 14,630 households. Density runs 1,135 people per square mile. Median household income here is $87,898 and median gross rent $1,395 a month.
29,729
Population
14,630
Households
2
Avg Household Size
50
Median Age
39%
College-Educated
94%
High-School Grad
26.2 sq mi
ZIP Area
1,135
Density / Sq Mi
$87,898
Median Household Income
$49,580
Median Earnings
$1,395
Median Rent
$587,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rockport | — | — |
| Essex | — | $22.93 |
| Ipswich | — | $23.15 |
| Hamilton | — | — |
Commercial property in Gloucester, MA asks $594/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gloucester?
Commercial property in Gloucester, MA asks an average of $594 per square foot. The 3 most recent recorded sales traded at a median of $346/SF, so asking sits 71% above the achieved median. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Gloucester?
Asking lease rates in Gloucester, MA average $17.14 per square foot per year.
What zoning applies to commercial property in Gloucester?
Gloucester, MA zones 17,333 acres across 15 districts, of which 13.4% is commercial and 4.8% industrial. The largest single district is Low Medium Density Residential at 28.1% of zoned land. This district is intended to accommodate single family residential development and, where appropriate, two family and multi-family development. This district provides a transition from the rural districts to the high density districts of the city. Residential zoning covers 81.4% and open space 0%.
Where does Realmo's Gloucester market data come from?
Realmo compiles Gloucester, MA figures from 5 recent recorded sales, 33 active sale listings, 23 active lease listings, 845 tracked off-market properties, the current Gloucester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 23 active for-lease listings in Gloucester, 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: 17,333 zoned acres across 15 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
