Commercial Real Estate Market in Manchester, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
9 active listings and 100 off-market properties in Manchester, MA. Commercial property asks $757/SF to buy and $58.77/SF/Yr to lease.
Market Trends
Manchester, MA spans 9.2 square miles. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Manchester, 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 Manchester, 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 Manchester, 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 vacancy in Manchester, MA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Manchester, MA has 5,395 residents in 2,281 households. Density runs 585 people per square mile. Median household income here is $197,875 and median gross rent $1,872 a month.
5,395
Population
2,281
Households
2.4
Avg Household Size
50
Median Age
84%
College-Educated
99%
High-School Grad
9.2 sq mi
ZIP Area
585
Density / Sq Mi
$197,875
Median Household Income
$99,797
Median Earnings
$1,872
Median Rent
$932,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Essex | — | — |
| Beverly | — | $15.59 |
| Hamilton | — | — |
| Gloucester | — | $17.67 |
Commercial property in Manchester, MA asks $757/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manchester?
Commercial property in Manchester, MA asks an average of $757 per square foot. The 4 most recent recorded sales traded at a median of $213/SF, so asking sits 255% above the achieved median.
How much does it cost to lease commercial space in Manchester?
Asking lease rates in Manchester, MA average $58.77 per square foot per year.
Where does Realmo's Manchester market data come from?
Realmo compiles Manchester, MA figures from 4 recent recorded sales, 6 active sale listings, 3 active lease listings, 100 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 3 active for-lease listings in Manchester, 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.
- 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, 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 30 September 2026 · How Realmo checks market page data · Report a data issue
