Commercial Real Estate Market in Holyoke, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
109 active listings and 1,113 off-market properties in Holyoke, MA. Commercial property asks $39/SF to buy and $13.88/SF/Yr to lease.
Market Trends
Holyoke, MA spans 21.2 square miles in Hampden County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Holyoke, 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 Holyoke, 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 Holyoke, 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 Holyoke, 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 81.8%
- Commercial 8.8%
- Industrial 2.6%
Largest Zones share of zoned land by district
Agriculture And Single Family Residence
Single Family Residence
Single Family Residence
General Industry
Two Family Residence
Holyoke, MA zones 14,611 acres across 17 districts. Commercial zoning covers 8.8% of zoned land, residential 81.8% and industrial 2.6%. The largest single district is Agriculture And Single Family Residence at 53.5%. For commercial buyers the practical constraint is that only 11.4% of land carries a commercial or industrial designation.
Single Family Residence (R-1)
CATION OF DISTRICTS 3-1. - Classes of districts. For the purposes of this zoning ordinance, the City of Holyoke is hereby divided into the following districts: District Purpose RA Agriculture and single-family residence R1 Single-family residence R-1A Single-family residence R-2 Two-family residence RM-LD Low density multifamily RM-20 Multifamily residence (…
Market overview
Demographics & Economy
Holyoke, MA has 38,238 residents in 17,057 households. Density runs 1,807 people per square mile. Median household income here is $51,892 and median gross rent $1,016 a month.
38,238
Population
17,057
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
1,807
Density / Sq Mi
$51,892
Median Household Income
$41,801
Median Earnings
$1,016
Median Rent
$255,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chicopee | — | $16.99 |
| South Hadley | — | $18.85 |
| Easthampton | — | $25.83 |
| Springfield | — | $17.21 |
Commercial property in Holyoke, MA asks $39/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Holyoke?
Commercial property in Holyoke, MA asks an average of $39 per square foot. The 3 most recent recorded sales traded at a median of $67/SF.
How much does it cost to lease commercial space in Holyoke?
Asking lease rates in Holyoke, MA average $13.88 per square foot per year.
What zoning applies to commercial property in Holyoke?
Holyoke, MA zones 14,611 acres across 17 districts, of which 8.8% is commercial and 2.6% industrial. The largest single district is Agriculture And Single Family Residence at 53.5% of zoned land. Residential zoning covers 81.8% and open space 0%.
Where does Realmo's Holyoke market data come from?
Realmo compiles Holyoke, MA figures from 8 recent recorded sales, 72 active sale listings, 37 active lease listings, 1,113 tracked off-market properties, the current Holyoke zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 72 active for-sale and 37 active for-lease listings in Holyoke, 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: 14,611 zoned acres across 17 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
