Commercial Real Estate Market in Lexington, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
70 active listings and 483 off-market properties in Lexington, MA. Commercial property asks $517/SF to buy and $31.53/SF/Yr to lease.
Market Trends
Lexington, MA spans 16.6 square miles in Middlesex County, Massachusetts. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lexington, 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 Lexington, 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 Lexington, 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 Lexington, MA asks $359/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 61.2%
- Civic 29.8%
- Planned_development 4.2%
- Industrial 3%
- Commercial 0.8%
- Special 0%
Largest Zones share of zoned land by district
One Family Dwelling
Government Civic
One Family Dwelling
Manufacturing
Planned Commercial
One Family Dwelling (RO)
In the case of land in an existing one-family (RO, RS) or two-family (RT) residential district, a proof plan; b. In the case of land in an existing commercial district, an analysis showing the amount of gross and net floor area and the floor area ratio of existing development on the site and the amount of gross and net floor area that would be permitted if t…
Market overview
Demographics & Economy
Lexington, MA has 34,452 residents in 12,672 households. Density runs 2,074 people per square mile. Median household income here is $221,943 and median gross rent $2,813 a month.
34,452
Population
12,672
Households
2.7
Avg Household Size
45
Median Age
85%
College-Educated
97%
High-School Grad
16.6 sq mi
ZIP Area
2,074
Density / Sq Mi
$221,943
Median Household Income
$124,972
Median Earnings
$2,813
Median Rent
$1,147,880
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Burlington | — | $35.25 |
| Bedford | — | — |
| Watertown | — | $30.71 |
| Arlington | — | $35.51 |
Commercial property in Lexington, MA asks $517/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lexington?
Commercial property in Lexington, MA asks an average of $517 per square foot. The 4 most recent recorded sales traded at a median of $423/SF, so asking sits 22% above the achieved median. Multifamily carries the highest asking price at $359/SF.
How much does it cost to lease commercial space in Lexington?
Asking lease rates in Lexington, MA average $31.53 per square foot per year.
Where does Realmo's Lexington market data come from?
Realmo compiles Lexington, MA figures from 4 recent recorded sales, 20 active sale listings, 50 active lease listings, 483 tracked off-market properties, the current Lexington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 50 active for-lease listings in Lexington, 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: 10,643 zoned acres across 36 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
