Commercial Real Estate Market in Lynn, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
138 active listings and 1,153 off-market properties in Lynn, MA. Commercial property asks $316/SF to buy and $20.63/SF/Yr to lease.
Market Trends
Lynn, MA spans 9.9 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lynn, 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 Lynn, 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 Lynn, 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 Lynn, MA asks $324/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 46.1%
- Civic 38.9%
- Industrial 5.6%
- Commercial 4.7%
- Mixed use 1.5%
Largest Zones share of zoned land by district
Civic
Single Family Residential
Two Family Residential
Middle Density Residential
Light Industrial
Civic (CIV)
The intent of this zone is to promote civic uses.
Market overview
Demographics & Economy
Lynn, MA has 101,224 residents in 37,849 households. Density runs 10,187 people per square mile. Median household income here is $77,164 and median gross rent $1,643 a month.
101,224
Population
37,849
Households
2.7
Avg Household Size
36
Median Age
23%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
10,187
Density / Sq Mi
$77,164
Median Household Income
$42,350
Median Earnings
$1,643
Median Rent
$461,020
Median Home Value
Tools
Lease vs Buy Breakeven
At $20.63/SF/Yr lease vs $316/SF buy → buying wins if held > 3.9 years.
At a 6.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Swampscott | — | — |
| Nahant | — | — |
| Saugus | — | $27.71 |
| Revere | — | $59.07 |
Commercial property in Lynn, MA asks $316/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lynn?
Commercial property in Lynn, MA asks an average of $316 per square foot. The 8 most recent recorded sales traded at a median of $264/SF, so asking sits 20% above the achieved median. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Lynn?
Asking lease rates in Lynn, MA average $20.63 per square foot per year.
Is it cheaper to lease or buy commercial space in Lynn?
Buying beats leasing in Lynn, MA if the property is held longer than 3.9 years, comparing $20.63/SF/Yr asking rent with $316/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Lynn market data come from?
Realmo compiles Lynn, MA figures from 8 recent recorded sales, 97 active sale listings, 41 active lease listings, 1,153 tracked off-market properties, the current Lynn zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 97 active for-sale and 41 active for-lease listings in Lynn, 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: 6,223 zoned acres across 15 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
