Commercial Real Estate Market in Merrimac, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 93 off-market properties in Merrimac, MA. Commercial property asks $93/SF to buy and $13.33/SF/Yr to lease.
Market Trends
Merrimac, MA spans 8.5 square miles in Essex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Merrimac, 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 Merrimac, 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 Merrimac, 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 Merrimac, 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 84.6%
- Civic 7.6%
- Commercial 4.9%
- Industrial 2.6%
- Special 0.3%
Largest Zones share of zoned land by district
Agricultural Residential
Suburban Residential
Village Residential
Rural Highway
Office And Industrial
Merrimac, MA zones 5,700 acres across 8 districts. Commercial zoning covers 4.9% of zoned land, residential 84.6% and industrial 2.6%. The largest single district is Agricultural Residential at 78.2%. For commercial buyers the practical constraint is that only 7.5% of land carries a commercial or industrial designation.
Agricultural Residential (AR)
AGRICULTURAL RESIDENTIAL DISTRICT (AR) by adding a new footnote to Dimensional and Intensity Regulations. 3.4. Municipal Uses. Municipal uses shall be established by a two-thirds vote of Town Meeting in accordance with the General Laws of the Commonwealth of Massachusetts. All buildings or STRUCTURES for an approved municipal use shall meet all applicable di…
Market overview
Demographics & Economy
Merrimac, MA has 6,723 residents in 2,851 households. Density runs 791 people per square mile. Median household income here is $116,477 and median gross rent $1,236 a month.
6,723
Population
2,851
Households
2.4
Avg Household Size
47
Median Age
37%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
791
Density / Sq Mi
$116,477
Median Household Income
$60,643
Median Earnings
$1,236
Median Rent
$531,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Newbury | — | — |
| Amesbury | — | $41.52 |
| Newton | — | — |
| Haverhill | — | $16.75 |
Commercial property in Merrimac, MA asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Merrimac?
Commercial property in Merrimac, MA asks an average of $93 per square foot. The 4 most recent recorded sales traded at a median of $259/SF. Multifamily carries the highest asking price at $324/SF.
How much does it cost to lease commercial space in Merrimac?
Asking lease rates in Merrimac, MA average $13.33 per square foot per year.
What zoning applies to commercial property in Merrimac?
Merrimac, MA zones 5,700 acres across 8 districts, of which 4.9% is commercial and 2.6% industrial. The largest single district is Agricultural Residential at 78.2% of zoned land. AGRICULTURAL RESIDENTIAL DISTRICT (AR) by adding a new footnote to Dimensional and Intensity Regulations. 3.4. Municipal Uses. Municipal uses shall be established by a two-thirds vote of Town Meeting in accordance with the General Laws of the Commonwealth of Massachusetts. All buildings or STRUCTURES for an approved municipal use shall meet all applicable di… Residential zoning covers 84.6% and open space 0%.
Where does Realmo's Merrimac market data come from?
Realmo compiles Merrimac, MA figures from 8 recent recorded sales, 3 active sale listings, 1 active lease listings, 93 tracked off-market properties, the current Merrimac 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 1 active for-lease listings in Merrimac, 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: 5,700 zoned acres across 8 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
