Commercial Real Estate Market in Lunenburg, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 180 off-market properties in Lunenburg, MA. Commercial property asks $327/SF to buy and $23.16/SF/Yr to lease.
Market Trends
Lunenburg, MA spans 26.6 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lunenburg, 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 Lunenburg, 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 Lunenburg, 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 Lunenburg, 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 73.2%
- Open space 3.7%
- Commercial 2.3%
- Industrial 0.6%
Largest Zones share of zoned land by district
Residence A District
Residence B District
Outlying District
Recreation District
Commercial District
Lunenburg, MA zones 27,445 acres across 8 districts. Commercial zoning covers 2.3% of zoned land, residential 73.2%, open space 3.7% and industrial 0.6%. The largest single district is Residence A District at 42.7%. For commercial buyers the practical constraint is that only 2.9% of land carries a commercial or industrial designation.
Residence A District (RA)
ALL DISTRICTS RA RB O LB/R C OP/I R VCD SS2 TT2 W2 4.1.D(1) Cemeteries Y Y Y Y Y Y Y Y Y Y Y 4.1.D(2) Municipal Uses Y Y Y Y Y Y Y Y Y Y Y 4.1.D(3) Conservation Areas Y Y Y Y Y Y Y Y Y Y Y 4.1.D(4) Small Wastewater Treatment Facilities Y Y Y Y Y Y Y Y Y Y Y 4.1.D(5) Child Care Facilities Y Y Y Y Y Y Y Y Y Y Y 4.1.H RESIDENTIAL USES RA RB O LB/R C OP/I R VCD…
Market overview
Demographics & Economy
Lunenburg, MA has 11,818 residents in 4,711 households. Density runs 444 people per square mile. Median household income here is $109,884 and median gross rent $1,784 a month.
11,818
Population
4,711
Households
2.5
Avg Household Size
44
Median Age
45%
College-Educated
94%
High-School Grad
26.6 sq mi
ZIP Area
444
Density / Sq Mi
$109,884
Median Household Income
$58,844
Median Earnings
$1,784
Median Rent
$442,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fitchburg | — | $13.84 |
| Leominster | — | $11.61 |
| Shirley | — | $13.60 |
| Townsend | — | $21.86 |
Commercial property in Lunenburg, MA asks $327/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lunenburg?
Commercial property in Lunenburg, MA asks an average of $327 per square foot. The 5 most recent recorded sales traded at a median of $200/SF, so asking sits 63% above the achieved median. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Lunenburg?
Asking lease rates in Lunenburg, MA average $23.16 per square foot per year.
What zoning applies to commercial property in Lunenburg?
Lunenburg, MA zones 27,445 acres across 8 districts, of which 2.3% is commercial and 0.6% industrial. The largest single district is Residence A District at 42.7% of zoned land. ALL DISTRICTS RA RB O LB/R C OP/I R VCD SS2 TT2 W2 4.1.D(1) Cemeteries Y Y Y Y Y Y Y Y Y Y Y 4.1.D(2) Municipal Uses Y Y Y Y Y Y Y Y Y Y Y 4.1.D(3) Conservation Areas Y Y Y Y Y Y Y Y Y Y Y 4.1.D(4) Small Wastewater Treatment Facilities Y Y Y Y Y Y Y Y Y Y Y 4.1.D(5) Child Care Facilities Y Y Y Y Y Y Y Y Y Y Y 4.1.H RESIDENTIAL USES RA RB O LB/R C OP/I R VCD… Residential zoning covers 73.2% and open space 3.7%.
Where does Realmo's Lunenburg market data come from?
Realmo compiles Lunenburg, MA figures from 5 recent recorded sales, 15 active sale listings, 5 active lease listings, 180 tracked off-market properties, the current Lunenburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 5 active for-lease listings in Lunenburg, 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: 27,445 zoned acres across 8 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
