Commercial Real Estate Market in Norfolk, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 133 off-market properties in Norfolk, MA.
Market Trends
Norfolk, MA spans 14.9 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Norfolk, 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 Norfolk, 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 Norfolk, 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 Norfolk, 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 83%
- Commercial 17%
Largest Zones share of zoned land by district
Residence
Residence
Residence
Commercial 5
Commercial 4
Norfolk, MA zones 9,830 acres across 16 districts. Commercial zoning covers 17% of zoned land, residential 83%. The largest single district is Residence at 43.6%. For commercial buyers the practical constraint is that only 17% of land carries a commercial or industrial designation.
Commercial 4 (C-4)
Internally illuminated signs may be allowed by special permit through the Planning Board in the B-1 Inner and Outer, C-1, C-1a, C-1b, C-1c, C-4 and C6 Zoning Districts. (3) Projecting signs may be allowed by special permit through the Planning Board in the B-1 Inner and Outer, C-1, C-1a, C-1b, C-1c, C-4 and C-6 Zoning Districts. (4) No sign shall obstruct or…
Market overview
Demographics & Economy
Norfolk, MA has 11,662 residents in 3,464 households. Density runs 783 people per square mile. Median household income here is $197,379 and median gross rent $1,791 a month.
11,662
Population
3,464
Households
3.4
Avg Household Size
43
Median Age
59%
College-Educated
94%
High-School Grad
14.9 sq mi
ZIP Area
783
Density / Sq Mi
$197,379
Median Household Income
$88,540
Median Earnings
$1,791
Median Rent
$694,300
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Norfolk?
Norfolk, MA zones 9,830 acres across 16 districts, of which 17% is commercial and 0% industrial. The largest single district is Residence at 43.6% of zoned land. Residential zoning covers 83% and open space 0%.
Where does Realmo's Norfolk market data come from?
Realmo compiles Norfolk, MA figures from 8 recent recorded sales, 3 active sale listings, 1 active lease listings, 133 tracked off-market properties, the current Norfolk 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 Norfolk, 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: 9,830 zoned acres across 16 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
