Commercial Real Estate Market in Hopkinton, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 230 off-market properties in Hopkinton, MA. Commercial property asks $54/SF to buy and $33.50/SF/Yr to lease.
Market Trends
Hopkinton, MA spans 26.2 square miles in Middlesex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hopkinton, 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 Hopkinton, 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 Hopkinton, 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 Hopkinton, MA asks $318/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
- Agricultural 66.7%
- Residential 27.9%
- Industrial 3.5%
- Commercial 1.1%
- Mixed use 0.6%
- Open space 0.2%
Largest Zones share of zoned land by district
Agricultural
Residential B
Residential A
Industrial A
Residential Lake Front
Market overview
Demographics & Economy
Hopkinton, MA has 18,758 residents in 6,907 households. Density runs 715 people per square mile. Median household income here is $204,418 and median gross rent $2,500 a month.
18,758
Population
6,907
Households
2.7
Avg Household Size
40
Median Age
76%
College-Educated
98%
High-School Grad
26.2 sq mi
ZIP Area
715
Density / Sq Mi
$204,418
Median Household Income
$104,182
Median Earnings
$2,500
Median Rent
$726,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ashland | — | $32.83 |
| Southborough | — | — |
| Westborough | — | $16.73 |
| Holliston | — | $17.33 |
Commercial property in Hopkinton, MA asks $54/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hopkinton?
Commercial property in Hopkinton, MA asks an average of $54 per square foot. The 7 most recent recorded sales traded at a median of $224/SF. Multifamily carries the highest asking price at $318/SF.
How much does it cost to lease commercial space in Hopkinton?
Asking lease rates in Hopkinton, MA average $33.50 per square foot per year.
Where does Realmo's Hopkinton market data come from?
Realmo compiles Hopkinton, MA figures from 7 recent recorded sales, 15 active sale listings, 18 active lease listings, 230 tracked off-market properties, the current Hopkinton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 18 active for-lease listings in Hopkinton, 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: 16,853 zoned acres across 12 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
