Commercial Real Estate Market in Medway, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 152 off-market properties in Medway, MA.
Market Trends
Medway, MA spans 11.5 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Medway, 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 Medway, 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 Medway, 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 Medway, 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 91.2%
- Industrial 3.8%
- Mixed use 1.5%
- Commercial 0.8%
- Civic 0.4%
Largest Zones share of zoned land by district
Agricultural Residential 1
Agricultural Residential 2
Village Residential
West Industrial
Energy Resources
Medway, MA zones 7,487 acres across 14 districts. Commercial zoning covers 0.8% of zoned land, residential 91.2% and industrial 3.8%. The largest single district is Agricultural Residential 1 at 56.6%. For commercial buyers the practical constraint is that only 4.5% of land carries a commercial or industrial designation.
Agricultural Residential 1 (AR-1)
The purpose of this district is to provide mixed usage of Agri-residential uses
Market overview
Demographics & Economy
Medway, MA has 13,115 residents in 4,601 households. Density runs 1,137 people per square mile. Median household income here is $174,357 and median gross rent $1,570 a month.
13,115
Population
4,601
Households
2.9
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
11.5 sq mi
ZIP Area
1,137
Density / Sq Mi
$174,357
Median Household Income
$78,321
Median Earnings
$1,570
Median Rent
$588,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millis | — | — |
| Franklin | — | $22.27 |
| Norfolk | — | — |
| Holliston | — | $17.33 |
Commercial property in Medway, MA asks $4/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Medway?
Commercial property in Medway, MA asks an average of $4 per square foot. The 3 most recent recorded sales traded at a median of $584/SF. Multifamily carries the highest asking price at $386/SF.
What zoning applies to commercial property in Medway?
Medway, MA zones 7,487 acres across 14 districts, of which 0.8% is commercial and 3.8% industrial. The largest single district is Agricultural Residential 1 at 56.6% of zoned land. The purpose of this district is to provide mixed usage of Agri-residential uses Residential zoning covers 91.2% and open space 0%.
Where does Realmo's Medway market data come from?
Realmo compiles Medway, MA figures from 6 recent recorded sales, 7 active sale listings, 1 active lease listings, 152 tracked off-market properties, the current Medway 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 1 active for-lease listings in Medway, 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: 7,487 zoned acres across 14 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
