Commercial Real Estate Market in Mansfield, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
54 active listings and 404 off-market properties in Mansfield, MA. Commercial property asks $363/SF to buy and $21.37/SF/Yr to lease.
Market Trends
Mansfield, MA spans 20.1 square miles in Bristol County, Massachusetts. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Mansfield, 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 Mansfield, 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 Mansfield, 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 Mansfield, MA asks $225/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 83.3%
- Commercial 7.8%
- Industrial 6.1%
- Special 1.7%
- Mixed use 1.1%
Largest Zones share of zoned land by district
Natural Resource And Scenic Residential
Medium Density Residential
Planned Business District
Higher Density Residential
Higher Density Industrial
Mansfield, MA zones 13,098 acres across 13 districts. Commercial zoning covers 7.8% of zoned land, residential 83.3% and industrial 6.1%. The largest single district is Natural Resource And Scenic Residential at 67.9%. For commercial buyers the practical constraint is that only 13.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Mansfield, MA has 23,860 residents in 9,228 households. Density runs 1,187 people per square mile. Median household income here is $131,409 and median gross rent $1,702 a month.
23,860
Population
9,228
Households
2.6
Avg Household Size
40
Median Age
51%
College-Educated
96%
High-School Grad
20.1 sq mi
ZIP Area
1,187
Density / Sq Mi
$131,409
Median Household Income
$65,154
Median Earnings
$1,702
Median Rent
$571,000
Median Home Value
Tools
Lease vs Buy Breakeven
At $21.37/SF/Yr lease vs $363/SF buy → buying wins if held > 5.5 years.
At a 5.9% 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 |
|---|---|---|
| Norton | — | — |
| Foxborough | — | $12.16 |
| Attleboro | — | $26.22 |
| Easton | — | $23.15 |
Commercial property in Mansfield, MA asks $363/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mansfield?
Commercial property in Mansfield, MA asks an average of $363 per square foot. The 4 most recent recorded sales traded at a median of $213/SF, so asking sits 70% above the achieved median. Multifamily carries the highest asking price at $225/SF.
How much does it cost to lease commercial space in Mansfield?
Asking lease rates in Mansfield, MA average $21.37 per square foot per year.
Is it cheaper to lease or buy commercial space in Mansfield?
Buying beats leasing in Mansfield, MA if the property is held longer than 5.5 years, comparing $21.37/SF/Yr asking rent with $363/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.
What zoning applies to commercial property in Mansfield?
Mansfield, MA zones 13,098 acres across 13 districts, of which 7.8% is commercial and 6.1% industrial. The largest single district is Natural Resource And Scenic Residential at 67.9% of zoned land. Residential zoning covers 83.3% and open space 0%.
Where does Realmo's Mansfield market data come from?
Realmo compiles Mansfield, MA figures from 6 recent recorded sales, 24 active sale listings, 30 active lease listings, 404 tracked off-market properties, the current Mansfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 30 active for-lease listings in Mansfield, 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: 13,098 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 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 · report a data issue
