Commercial Real Estate Market in Greenfield, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
25 active listings and 618 off-market properties in Greenfield, MA. Commercial property asks $69/SF to buy and $16.70/SF/Yr to lease.
Market Trends
Greenfield, MA spans 25.3 square miles in Franklin County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenfield, 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 Greenfield, 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 Greenfield, 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 Greenfield, MA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 84.8%
- Industrial 12.4%
- Commercial 2.4%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Rural Residential
Urban Residential
Suburban Residential
General Commercial
Planned Industry
Greenfield, MA zones 13,802 acres across 11 districts. Commercial zoning covers 2.4% of zoned land, residential 84.8% and industrial 12.4%. The largest single district is Rural Residential at 56.9%. For commercial buyers the practical constraint is that only 14.8% of land carries a commercial or industrial designation.
Rural Residential (RC)
The purpose of the Rural Residential District is to provide areas for low density residential development and for agricultural uses.
Market overview
Demographics & Economy
Greenfield, MA has 18,042 residents in 8,761 households. Density runs 712 people per square mile. Median household income here is $54,347 and median gross rent $1,098 a month.
18,042
Population
8,761
Households
2.1
Avg Household Size
45
Median Age
38%
College-Educated
92%
High-School Grad
25.3 sq mi
ZIP Area
712
Density / Sq Mi
$54,347
Median Household Income
$37,630
Median Earnings
$1,098
Median Rent
$253,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Deerfield | — | — |
| Montague | — | — |
| Northfield | — | — |
| Gill | — | — |
Commercial property in Greenfield, MA asks $69/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenfield?
Commercial property in Greenfield, MA asks an average of $69 per square foot. The 6 most recent recorded sales traded at a median of $327/SF.
How much does it cost to lease commercial space in Greenfield?
Asking lease rates in Greenfield, MA average $16.70 per square foot per year.
What zoning applies to commercial property in Greenfield?
Greenfield, MA zones 13,802 acres across 11 districts, of which 2.4% is commercial and 12.4% industrial. The largest single district is Rural Residential at 56.9% of zoned land. The purpose of the Rural Residential District is to provide areas for low density residential development and for agricultural uses. Residential zoning covers 84.8% and open space 0%.
Where does Realmo's Greenfield market data come from?
Realmo compiles Greenfield, MA figures from 6 recent recorded sales, 21 active sale listings, 4 active lease listings, 618 tracked off-market properties, the current Greenfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 4 active for-lease listings in Greenfield, 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: 13,802 zoned acres across 11 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
