Commercial Real Estate Market in Needham Heights, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
78 active listings and 479 off-market properties in Needham Heights, MA. Commercial property asks $1,175/SF to buy and $29.31/SF/Yr to lease.
Market Trends
Needham Heights, MA spans 2.8 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Needham Heights, 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 Needham Heights, 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 Needham Heights, 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 Needham Heights, MA asks $376/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
Market overview
Demographics & Economy
Needham Heights, MA has 10,732 residents in 4,254 households. Density runs 3,832 people per square mile. Median household income here is $173,750 and median gross rent $2,452 a month.
10,732
Population
4,254
Households
2.5
Avg Household Size
43
Median Age
75%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
3,832
Density / Sq Mi
$173,750
Median Household Income
$92,148
Median Earnings
$2,452
Median Rent
$1,052,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Needham | — | $29.31 |
| Wellesley | — | $55.20 |
| Newton | — | $34.39 |
| Brookline | — | $63.90 |
Commercial property in Needham Heights, MA asks $1,175/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Needham Heights?
Commercial property in Needham Heights, MA asks an average of $1,175 per square foot. The 6 most recent recorded sales traded at a median of $249/SF, so asking sits 372% above the achieved median. Multifamily carries the highest asking price at $376/SF.
How much does it cost to lease commercial space in Needham Heights?
Asking lease rates in Needham Heights, MA average $29.31 per square foot per year.
Where does Realmo's Needham Heights market data come from?
Realmo compiles Needham Heights, MA figures from 7 recent recorded sales, 20 active sale listings, 58 active lease listings, 479 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 58 active for-lease listings in Needham Heights, 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.
- 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, 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 30 September 2026 · report a data issue
