Commercial Real Estate Market in Lynnfield, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 155 off-market properties in Lynnfield, MA. Commercial property asks $595/SF to buy and $21.00/SF/Yr to lease.
Market Trends
Lynnfield, MA spans 10.1 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lynnfield, 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 Lynnfield, 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 Lynnfield, 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 Lynnfield, 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 80.3%
- Commercial 3%
- Industrial 1.1%
- Open space 0.3%
Largest Zones share of zoned land by district
Residential B
Residential C
Residential A
Municipal
Residential D
Lynnfield, MA zones 6,501 acres across 13 districts. Commercial zoning covers 3% of zoned land, residential 80.3%, open space 0.3% and industrial 1.1%. The largest single district is Residential B at 30.7%. For commercial buyers the practical constraint is that only 4.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lynnfield, MA has 13,326 residents in 5,033 households. Density runs 1,322 people per square mile. Median household income here is $171,044 and median gross rent $2,333 a month.
13,326
Population
5,033
Households
2.6
Avg Household Size
44
Median Age
61%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
1,322
Density / Sq Mi
$171,044
Median Household Income
$86,135
Median Earnings
$2,333
Median Rent
$891,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Reading | — | — |
| Wakefield | — | $15.67 |
| North Reading | — | $22.81 |
| Middleton | — | $23.56 |
Commercial property in Lynnfield, MA asks $595/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lynnfield?
Commercial property in Lynnfield, MA asks an average of $595 per square foot. The 8 most recent recorded sales traded at a median of $227/SF, so asking sits 163% above the achieved median. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Lynnfield?
Asking lease rates in Lynnfield, MA average $21.00 per square foot per year.
What zoning applies to commercial property in Lynnfield?
Lynnfield, MA zones 6,501 acres across 13 districts, of which 3% is commercial and 1.1% industrial. The largest single district is Residential B at 30.7% of zoned land. Residential zoning covers 80.3% and open space 0.3%.
Where does Realmo's Lynnfield market data come from?
Realmo compiles Lynnfield, MA figures from 8 recent recorded sales, 3 active sale listings, 8 active lease listings, 155 tracked off-market properties, the current Lynnfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 8 active for-lease listings in Lynnfield, 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: 6,501 zoned acres across 13 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
