Commercial Real Estate Market in Harvard, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 194 off-market properties in Harvard, MA.
Market Trends
Harvard, MA spans 21.0 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Harvard, 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 Harvard, 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 Harvard, 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 Harvard, 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 97.6%
- Commercial 2.5%
Largest Zones share of zoned land by district
Agriculture Residential
Commercial
Business
Harvard, MA zones 29,359 acres across 3 districts. Commercial zoning covers 2.5% of zoned land, residential 97.6%. The largest single district is Agriculture Residential at 97.6%. For commercial buyers the practical constraint is that only 2.5% of land carries a commercial or industrial designation.
Agriculture Residential (AR)
Permitted uses in AR Districts. [Added 3-6-1965 ATM by Art. 29; amended 3-7-1970 ATM by Arts. 46 and 47; 3-6-1971 ATM by Art. 34; 3-4-1972 ATM by Art. 45] It is the intent to provide a district primarily for compatible agriculture and single-family residence. A. Permitted uses are: (1) As provided in § 125-8 , Single residence use. (2) As provided in § 125-7…
Market overview
Demographics & Economy
Harvard, MA has 5,461 residents in 1,939 households. Density runs 259 people per square mile. Median household income here is $206,607 and median gross rent $1,387 a month.
5,461
Population
1,939
Households
2.8
Avg Household Size
48
Median Age
78%
College-Educated
100%
High-School Grad
21 sq mi
ZIP Area
259
Density / Sq Mi
$206,607
Median Household Income
$90,153
Median Earnings
$1,387
Median Rent
$849,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Boxborough | — | — |
| Ayer | — | — |
| Littleton | — | — |
| Shirley | — | $13.60 |
Commercial property in Harvard, MA asks $74/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Harvard?
Commercial property in Harvard, MA asks an average of $74 per square foot. The 6 most recent recorded sales traded at a median of $173/SF. Multifamily carries the highest asking price at $216/SF.
What zoning applies to commercial property in Harvard?
Harvard, MA zones 29,359 acres across 3 districts, of which 2.5% is commercial and 0% industrial. The largest single district is Agriculture Residential at 97.6% of zoned land. Permitted uses in AR Districts. [Added 3-6-1965 ATM by Art. 29; amended 3-7-1970 ATM by Arts. 46 and 47; 3-6-1971 ATM by Art. 34; 3-4-1972 ATM by Art. 45] It is the intent to provide a district primarily for compatible agriculture and single-family residence. A. Permitted uses are: (1) As provided in § 125-8 , Single residence use. (2) As provided in § 125-7… Residential zoning covers 97.6% and open space 0%.
Where does Realmo's Harvard market data come from?
Realmo compiles Harvard, MA figures from 7 recent recorded sales, 7 active sale listings, 7 active lease listings, 194 tracked off-market properties, the current Harvard zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 7 active for-lease listings in Harvard, 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: 29,359 zoned acres across 3 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
