Commercial Real Estate Market in Ipswich, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 333 off-market properties in Ipswich, MA. Commercial property asks $304/SF to buy and $23.15/SF/Yr to lease.
Market Trends
Ipswich, MA spans 32.1 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ipswich, 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 Ipswich, 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 Ipswich, 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 Ipswich, MA asks $324/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 97.1%
- Commercial 1.5%
- Industrial 1.3%
- Civic 0.1%
Largest Zones share of zoned land by district
Rural Residence A
Intown Residence
Rural Residence B
Highway Business
Rural Residence C
Ipswich, MA zones 21,278 acres across 10 districts. Commercial zoning covers 1.5% of zoned land, residential 97.1% and industrial 1.3%. The largest single district is Rural Residence A at 91.6%. For commercial buyers the practical constraint is that only 2.8% of land carries a commercial or industrial designation.
Rural Residence A (RRA)
RRA and RRC District; c. Encourage the efficient use of such land in harmony with the natural features of the RRA and RRC District; d. Protect the rural character and vistas of the Town’s roads, especially its main corridors; e. Provide an alternative to the subdivision of a large tract for residences; f. Preserve open space for conservation or recreation us…
Market overview
Demographics & Economy
Ipswich, MA has 13,785 residents in 6,270 households. Density runs 429 people per square mile. Median household income here is $124,405 and median gross rent $1,525 a month.
13,785
Population
6,270
Households
2.2
Avg Household Size
51
Median Age
57%
College-Educated
98%
High-School Grad
32.1 sq mi
ZIP Area
429
Density / Sq Mi
$124,405
Median Household Income
$62,161
Median Earnings
$1,525
Median Rent
$701,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rowley | — | $13.00 |
| Hamilton | — | — |
| Essex | — | $22.93 |
| Wenham | — | — |
Commercial property in Ipswich, MA asks $304/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ipswich?
Commercial property in Ipswich, MA asks an average of $304 per square foot. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Ipswich?
Asking lease rates in Ipswich, MA average $23.15 per square foot per year.
What zoning applies to commercial property in Ipswich?
Ipswich, MA zones 21,278 acres across 10 districts, of which 1.5% is commercial and 1.3% industrial. The largest single district is Rural Residence A at 91.6% of zoned land. RRA and RRC District; c. Encourage the efficient use of such land in harmony with the natural features of the RRA and RRC District; d. Protect the rural character and vistas of the Town’s roads, especially its main corridors; e. Provide an alternative to the subdivision of a large tract for residences; f. Preserve open space for conservation or recreation us… Residential zoning covers 97.1% and open space 0%.
Where does Realmo's Ipswich market data come from?
Realmo compiles Ipswich, MA figures from 6 recent recorded sales, 13 active sale listings, 7 active lease listings, 333 tracked off-market properties, the current Ipswich zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 7 active for-lease listings in Ipswich, 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: 21,278 zoned acres across 10 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
