Commercial Real Estate Market in Leominster, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
85 active listings and 995 off-market properties in Leominster, MA. Commercial property asks $84/SF to buy and $11.61/SF/Yr to lease.
Market Trends
Leominster, MA spans 26.4 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Leominster, 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 Leominster, 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 Leominster, 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 Leominster, 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
- Residential 77.4%
- Industrial 8%
- Commercial 6.4%
Largest Zones share of zoned land by district
Residence A
Rural Residence And Agriculture
Industrial
Commercial
Multi Use 2
Leominster, MA zones 6,341 acres across 11 districts. Commercial zoning covers 6.4% of zoned land, residential 77.4% and industrial 8%. The largest single district is Residence A at 49.4%. For commercial buyers the practical constraint is that only 14.4% of land carries a commercial or industrial designation.
Residence A (RA)
RA Residence A 22-20 40 RB Residence B 22-21 41 RC Residence C 22-22 42 BA Business A 22-23 43 BB Business B 22-24 44 C Commercial 22-25 45 I Industrial 22-26 46 MU1 Multi-Use 1 22-27 48 MU2 Multi-Use 2 22-28 49 V Village 22-29 51 Abbreviation Overlay District Section Page DO Downtown 22-30 53 MSO Mechanic Street 22-31 59 UCO Urban Corridor 22-32 61 HCO Heal…
Market overview
Demographics & Economy
Leominster, MA has 43,752 residents in 18,895 households. Density runs 1,660 people per square mile. Median household income here is $82,098 and median gross rent $1,282 a month.
43,752
Population
18,895
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
90%
High-School Grad
26.4 sq mi
ZIP Area
1,660
Density / Sq Mi
$82,098
Median Household Income
$52,247
Median Earnings
$1,282
Median Rent
$345,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fitchburg | — | $13.84 |
| Lunenburg | — | — |
| Shirley | — | $13.60 |
| Sterling | — | — |
Commercial property in Leominster, MA asks $84/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Leominster?
Commercial property in Leominster, MA asks an average of $84 per square foot. The 6 most recent recorded sales traded at a median of $187/SF. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Leominster?
Asking lease rates in Leominster, MA average $11.61 per square foot per year.
What zoning applies to commercial property in Leominster?
Leominster, MA zones 6,341 acres across 11 districts, of which 6.4% is commercial and 8% industrial. The largest single district is Residence A at 49.4% of zoned land. RA Residence A 22-20 40 RB Residence B 22-21 41 RC Residence C 22-22 42 BA Business A 22-23 43 BB Business B 22-24 44 C Commercial 22-25 45 I Industrial 22-26 46 MU1 Multi-Use 1 22-27 48 MU2 Multi-Use 2 22-28 49 V Village 22-29 51 Abbreviation Overlay District Section Page DO Downtown 22-30 53 MSO Mechanic Street 22-31 59 UCO Urban Corridor 22-32 61 HCO Heal… Residential zoning covers 77.4% and open space 0%.
Where does Realmo's Leominster market data come from?
Realmo compiles Leominster, MA figures from 8 recent recorded sales, 54 active sale listings, 31 active lease listings, 995 tracked off-market properties, the current Leominster zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 31 active for-lease listings in Leominster, 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: 6,341 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
