Commercial Real Estate Market in Hingham, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
39 active listings and 405 off-market properties in Hingham, MA. Commercial property asks $1,353/SF to buy and $29.61/SF/Yr to lease.
Market Trends
Hingham, MA spans 22.2 square miles in Plymouth County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hingham, 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 Hingham, 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 Hingham, 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 Hingham, 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 55.2%
- Civic 34.7%
- Industrial 6.7%
- Commercial 3.4%
- Open space 0.1%
Largest Zones share of zoned land by district
Official And Open Space
Residence C
Residence B
Residence A
Industrial Park
Official And Open Space (O-OS)
The intent of O-OS district is to permit schools or playgrounds asn open spaces in the town of Hingham
Market overview
Demographics & Economy
Hingham, MA has 24,272 residents in 10,059 households. Density runs 1,094 people per square mile. Median household income here is $181,017 and median gross rent $2,452 a month.
24,272
Population
10,059
Households
2.4
Avg Household Size
45
Median Age
75%
College-Educated
98%
High-School Grad
22.2 sq mi
ZIP Area
1,094
Density / Sq Mi
$181,017
Median Household Income
$103,897
Median Earnings
$2,452
Median Rent
$1,075,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cohasset | — | $17.39 |
| Hull | — | $23.94 |
| Weymouth | — | $16.35 |
| Quincy | — | $29.02 |
Commercial property in Hingham, MA asks $1,353/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hingham?
Commercial property in Hingham, MA asks an average of $1,353 per square foot. The 8 most recent recorded sales traded at a median of $836/SF, so asking sits 62% above the achieved median.
How much does it cost to lease commercial space in Hingham?
Asking lease rates in Hingham, MA average $29.61 per square foot per year.
Where does Realmo's Hingham market data come from?
Realmo compiles Hingham, MA figures from 8 recent recorded sales, 11 active sale listings, 28 active lease listings, 405 tracked off-market properties, the current Hingham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 28 active for-lease listings in Hingham, 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: 14,571 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
