Commercial Real Estate Market in Hopedale, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 163 off-market properties in Hopedale, MA. Commercial property asks $282/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Hopedale, MA spans 5.2 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hopedale, 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 Hopedale, 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 Hopedale, 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 Hopedale, 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 72.8%
- Industrial 12.5%
- Open space 11.3%
- Commercial 1.1%
- Special 0.3%
Largest Zones share of zoned land by district
Residential B
Residential A 1
Light Industrial
Recreational
Residential C
Hopedale, MA zones 3,234 acres across 15 districts. Commercial zoning covers 1.1% of zoned land, residential 72.8%, open space 11.3% and industrial 12.5%. The largest single district is Residential B at 52%. For commercial buyers the practical constraint is that only 13.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Hopedale, MA has 6,017 residents in 2,320 households. Density runs 1,163 people per square mile. Median household income here is $115,216 and median gross rent $1,819 a month.
6,017
Population
2,320
Households
2.6
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
1,163
Density / Sq Mi
$115,216
Median Household Income
$55,917
Median Earnings
$1,819
Median Rent
$456,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Milford | — | $19.02 |
| Mendon | — | — |
| Bellingham | — | — |
| Upton | — | — |
Commercial property in Hopedale, MA asks $282/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hopedale?
Commercial property in Hopedale, MA asks an average of $282 per square foot. The 4 most recent recorded sales traded at a median of $212/SF, so asking sits 33% above the achieved median. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Hopedale?
Asking lease rates in Hopedale, MA average $17.00 per square foot per year.
What zoning applies to commercial property in Hopedale?
Hopedale, MA zones 3,234 acres across 15 districts, of which 1.1% is commercial and 12.5% industrial. The largest single district is Residential B at 52% of zoned land. Residential zoning covers 72.8% and open space 11.3%.
Where does Realmo's Hopedale market data come from?
Realmo compiles Hopedale, MA figures from 6 recent recorded sales, 6 active sale listings, 6 active lease listings, 163 tracked off-market properties, the current Hopedale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 6 active for-lease listings in Hopedale, 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: 3,234 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
