Commercial Real Estate Market in Lakeville, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 207 off-market properties in Lakeville, MA. Commercial property asks $1,454/SF to buy and $26.93/SF/Yr to lease.
Market Trends
Lakeville, MA spans 29.6 square miles in Plymouth County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lakeville, 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 Lakeville, 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 Lakeville, 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 Lakeville, 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
- Industrial 88.6%
- Commercial 9.5%
- Residential 1.9%
Largest Zones share of zoned land by district
Industrial B
Industrial
Business
Residential
Lakeville, MA zones 743 acres across 4 districts. Commercial zoning covers 9.5% of zoned land, residential 1.9% and industrial 88.6%. The largest single district is Industrial B at 68.8%. For commercial buyers the practical constraint is that only 98.2% of land carries a commercial or industrial designation.
Industrial B (I-B)
Table of Use Regulations: R-Residential; B-Business; I-Industrial; I-B Industrial-B. § 270-4.0 Interpretation of use table. A. Except as provided by law or in this bylaw, no building, structure or land shall be used except for the purpose permitted in the district as described in this section. Any use not listed shall be construed to be prohibited. B. A use…
Market overview
Demographics & Economy
Lakeville, MA has 11,523 residents in 4,443 households. Density runs 389 people per square mile. Median household income here is $126,182 and median gross rent $1,837 a month.
11,523
Population
4,443
Households
2.6
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
29.6 sq mi
ZIP Area
389
Density / Sq Mi
$126,182
Median Household Income
$60,574
Median Earnings
$1,837
Median Rent
$533,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Middleborough | — | — |
| Taunton | — | $29.00 |
| Berkley | — | — |
| Freetown | — | — |
Commercial property in Lakeville, MA asks $1,454/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lakeville?
Commercial property in Lakeville, MA asks an average of $1,454 per square foot. The 6 most recent recorded sales traded at a median of $249/SF, so asking sits 483% above the achieved median.
How much does it cost to lease commercial space in Lakeville?
Asking lease rates in Lakeville, MA average $26.93 per square foot per year.
What zoning applies to commercial property in Lakeville?
Lakeville, MA zones 743 acres across 4 districts, of which 9.5% is commercial and 88.6% industrial. The largest single district is Industrial B at 68.8% of zoned land. Table of Use Regulations: R-Residential; B-Business; I-Industrial; I-B Industrial-B. § 270-4.0 Interpretation of use table. A. Except as provided by law or in this bylaw, no building, structure or land shall be used except for the purpose permitted in the district as described in this section. Any use not listed shall be construed to be prohibited. B. A use… Residential zoning covers 1.9% and open space 0%.
Where does Realmo's Lakeville market data come from?
Realmo compiles Lakeville, MA figures from 7 recent recorded sales, 16 active sale listings, 6 active lease listings, 207 tracked off-market properties, the current Lakeville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 6 active for-lease listings in Lakeville, 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: 743 zoned acres across 4 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
