Commercial Real Estate Market in Groveland, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 97 off-market properties in Groveland, MA. Commercial property asks $798/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Groveland, MA spans 8.9 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Groveland, 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 Groveland, 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 Groveland, 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 Groveland, 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 82.5%
- Industrial 16.6%
- Commercial 0.9%
Largest Zones share of zoned land by district
Residential 2
Industrial
Residential 1
Residential 3
Business
Groveland, MA zones 6,374 acres across 6 districts. Commercial zoning covers 0.9% of zoned land, residential 82.5% and industrial 16.6%. The largest single district is Residential 2 at 75.1%. For commercial buyers the practical constraint is that only 17.5% of land carries a commercial or industrial designation.
Residential 2 (R-2)
Zoning districts identified. [Amended 4-28-2025 ATM by Art. 25 ] A. For the purpose of this bylaw, the Town of Groveland is hereby divided into the following types of districts: Residence District R-1 Residence District R-2 Residence District R-3 Limited Business District LB Business District B Industrial District I B. In addition, the following overlay dist…
Market overview
Demographics & Economy
Groveland, MA has 6,752 residents in 2,756 households. Density runs 760 people per square mile. Median household income here is $135,521 and median gross rent $1,815 a month.
6,752
Population
2,756
Households
2.4
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
8.9 sq mi
ZIP Area
760
Density / Sq Mi
$135,521
Median Household Income
$79,521
Median Earnings
$1,815
Median Rent
$571,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Haverhill | — | $16.75 |
| Georgetown | — | $30.33 |
| West Newbury | — | — |
| Merrimac | — | — |
Commercial property in Groveland, MA asks $798/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Groveland?
Commercial property in Groveland, MA asks an average of $798 per square foot. The 7 most recent recorded sales traded at a median of $217/SF, so asking sits 268% above the achieved median. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Groveland?
Asking lease rates in Groveland, MA average $20.00 per square foot per year.
What zoning applies to commercial property in Groveland?
Groveland, MA zones 6,374 acres across 6 districts, of which 0.9% is commercial and 16.6% industrial. The largest single district is Residential 2 at 75.1% of zoned land. Zoning districts identified. [Amended 4-28-2025 ATM by Art. 25 ] A. For the purpose of this bylaw, the Town of Groveland is hereby divided into the following types of districts: Residence District R-1 Residence District R-2 Residence District R-3 Limited Business District LB Business District B Industrial District I B. In addition, the following overlay dist… Residential zoning covers 82.5% and open space 0%.
Where does Realmo's Groveland market data come from?
Realmo compiles Groveland, MA figures from 7 recent recorded sales, 9 active sale listings, 2 active lease listings, 97 tracked off-market properties, the current Groveland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 2 active for-lease listings in Groveland, 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: 6,374 zoned acres across 6 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
