Commercial Real Estate Market in Millbury, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 223 off-market properties in Millbury, MA. Commercial property asks $240/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Millbury, MA spans 15.6 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Millbury, 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 Millbury, 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 Millbury, 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 Millbury, MA asks $216/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 20.2%
- Industrial 12.9%
- Commercial 3.8%
Largest Zones share of zoned land by district
Suburban 1
Suburban 3
Industrial 1
Residential 3
Suburban 4
Suburban 1 (S-1)
The intent of Suburban District is to provide for low density one and two family development at moderate density where public services are provided and at low density where they are not
Market overview
Demographics & Economy
Millbury, MA has 13,799 residents in 5,603 households. Density runs 886 people per square mile. Median household income here is $116,000 and median gross rent $1,507 a month.
13,799
Population
5,603
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
94%
High-School Grad
15.6 sq mi
ZIP Area
886
Density / Sq Mi
$116,000
Median Household Income
$62,911
Median Earnings
$1,507
Median Rent
$415,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sutton | — | — |
| Auburn | — | $16.62 |
| Grafton | — | — |
| Worcester | — | $20.50 |
Commercial property in Millbury, MA asks $240/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Millbury?
Commercial property in Millbury, MA asks an average of $240 per square foot. The 6 most recent recorded sales traded at a median of $106/SF, so asking sits 125% above the achieved median. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Millbury?
Asking lease rates in Millbury, MA average $20.00 per square foot per year.
Where does Realmo's Millbury market data come from?
Realmo compiles Millbury, MA figures from 7 recent recorded sales, 15 active sale listings, 7 active lease listings, 223 tracked off-market properties, the current Millbury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 7 active for-lease listings in Millbury, 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: 10,538 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 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, 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 31 August 2026 · report a data issue
