Commercial Real Estate Market in Leicester, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 215 off-market properties in Leicester, MA. Commercial property asks $325/SF to buy and $14.24/SF/Yr to lease.
Market Trends
Leicester, MA spans 15.9 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Leicester, 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 Leicester, 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 Leicester, 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 Leicester, 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
- Agricultural 76.7%
- Industrial 16.3%
- Commercial 6.1%
- Residential 0.9%
Largest Zones share of zoned land by district
Suburban Agricultural
Highway Business Industrial 1
Business
Highway Business Industrial 2
Business Industrial A
Business (B)
Zoning Map Amendment: Sargent Street Vicinity. To amend the Zoning Map to rezone the following parcels from Residential 2 (R2) to Business (B): 4, 18 & 18A Sargent Street, and 1 Reservoir Street (Assessors Map 23B, Parcels A9, A10, B6, & B7); and to correct an error on the Zoning Map to reflect a change from R2 to B approved 11/12/2003 (affecting 146 Main St…
Market overview
Demographics & Economy
Leicester, MA has 6,621 residents in 2,448 households. Density runs 416 people per square mile. Median household income here is $93,191 and median gross rent $1,055 a month.
6,621
Population
2,448
Households
2.7
Avg Household Size
43
Median Age
31%
College-Educated
91%
High-School Grad
15.9 sq mi
ZIP Area
416
Density / Sq Mi
$93,191
Median Household Income
$52,881
Median Earnings
$1,055
Median Rent
$390,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Paxton | — | — |
| Spencer | — | $17.44 |
| Auburn | — | $16.62 |
| Holden | — | — |
Commercial property in Leicester, MA asks $325/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Leicester?
Commercial property in Leicester, MA asks an average of $325 per square foot. The 4 most recent recorded sales traded at a median of $72/SF, so asking sits 351% above the achieved median. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Leicester?
Asking lease rates in Leicester, MA average $14.24 per square foot per year.
Where does Realmo's Leicester market data come from?
Realmo compiles Leicester, MA figures from 7 recent recorded sales, 16 active sale listings, 7 active lease listings, 215 tracked off-market properties, the current Leicester 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 7 active for-lease listings in Leicester, 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: 15,119 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, 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
