Commercial Real Estate Market in Lee, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 252 off-market properties in Lee, MA. Commercial property asks $30/SF to buy and $32.00/SF/Yr to lease.
Market Trends
Lee, MA spans 42.1 square miles in Berkshire County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lee, MA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Lee, MA asks $168/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Lee, 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 Lee, MA asks $106/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 89.9%
- Industrial 5.5%
- Commercial 4%
- Civic 0.6%
Largest Zones share of zoned land by district
Conservation Residential
Residential Agricultural
Residential 20000 Square Feet
Industrial
Rural Business
Lee, MA zones 17,370 acres across 11 districts. Commercial zoning covers 4% of zoned land, residential 89.9% and industrial 5.5%. The largest single district is Conservation Residential at 54.4%. For commercial buyers the practical constraint is that only 9.5% of land carries a commercial or industrial designation.
Conservation Residential (CR)
The intent of this to promote Conservation-Residential Uses.
Market overview
Demographics & Economy
Lee, MA has 5,941 residents in 3,219 households. Density runs 141 people per square mile. Median household income here is $74,869 and median gross rent $1,248 a month.
5,941
Population
3,219
Households
1.8
Avg Household Size
52
Median Age
46%
College-Educated
99%
High-School Grad
42.1 sq mi
ZIP Area
141
Density / Sq Mi
$74,869
Median Household Income
$46,131
Median Earnings
$1,248
Median Rent
$344,434
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tyringham | — | — |
| Monterey | — | — |
| Otis | — | — |
| Stockbridge | — | — |
Commercial property in Lee, MA asks $30/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lee?
Commercial property in Lee, MA asks an average of $30 per square foot. The 7 most recent recorded sales traded at a median of $112/SF. Retail carries the highest asking price at $168/SF.
How much does it cost to lease commercial space in Lee?
Asking lease rates in Lee, MA average $32.00 per square foot per year.
What zoning applies to commercial property in Lee?
Lee, MA zones 17,370 acres across 11 districts, of which 4% is commercial and 5.5% industrial. The largest single district is Conservation Residential at 54.4% of zoned land. The intent of this to promote Conservation-Residential Uses. Residential zoning covers 89.9% and open space 0%.
Where does Realmo's Lee market data come from?
Realmo compiles Lee, MA figures from 7 recent recorded sales, 13 active sale listings, 1 active lease listings, 252 tracked off-market properties, the current Lee 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 1 active for-lease listings in Lee, 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: 17,370 zoned acres across 11 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
