Commercial Real Estate Market in Medfield, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 187 off-market properties in Medfield, MA. Commercial property asks $106/SF to buy and $19.57/SF/Yr to lease.
Market Trends
Medfield, MA spans 14.4 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Medfield, 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 Medfield, 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 Medfield, 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 Medfield, MA asks $386/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 88.3%
- Agricultural 6.7%
- Industrial 3.4%
- Civic 1%
- Commercial 0.6%
Largest Zones share of zoned land by district
Residential Town 40000 Square Feet
Residential Suburban 20000 Square Feet
Agricultural
Residential Estate 80000 Square Feet
Residential Urban 12000 To 40000 Square Feet
Medfield, MA zones 9,399 acres across 9 districts. Commercial zoning covers 0.6% of zoned land, residential 88.3% and industrial 3.4%. The largest single district is Residential Town 40000 Square Feet at 64%. For commercial buyers the practical constraint is that only 4% of land carries a commercial or industrial designation.
Residential Town 40000 Square Feet (RT)
The intent of this to promote Residential Town uses.
Market overview
Demographics & Economy
Medfield, MA has 12,799 residents in 4,679 households. Density runs 888 people per square mile. Median household income here is $214,801 and median gross rent $1,652 a month.
12,799
Population
4,679
Households
2.7
Avg Household Size
42
Median Age
76%
College-Educated
98%
High-School Grad
14.4 sq mi
ZIP Area
888
Density / Sq Mi
$214,801
Median Household Income
$101,910
Median Earnings
$1,652
Median Rent
$869,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millis | — | — |
| Dover | — | — |
| Westwood | — | $17.02 |
| Norfolk | — | — |
Commercial property in Medfield, MA asks $106/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Medfield?
Commercial property in Medfield, MA asks an average of $106 per square foot. The 6 most recent recorded sales traded at a median of $191/SF. Multifamily carries the highest asking price at $386/SF.
How much does it cost to lease commercial space in Medfield?
Asking lease rates in Medfield, MA average $19.57 per square foot per year.
What zoning applies to commercial property in Medfield?
Medfield, MA zones 9,399 acres across 9 districts, of which 0.6% is commercial and 3.4% industrial. The largest single district is Residential Town 40000 Square Feet at 64% of zoned land. The intent of this to promote Residential Town uses. Residential zoning covers 88.3% and open space 0%.
Where does Realmo's Medfield market data come from?
Realmo compiles Medfield, MA figures from 6 recent recorded sales, 7 active sale listings, 9 active lease listings, 187 tracked off-market properties, the current Medfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 9 active for-lease listings in Medfield, 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: 9,399 zoned acres across 9 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
