Commercial Real Estate Market in North Reading, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 294 off-market properties in North Reading, MA. Commercial property asks $521/SF to buy and $22.81/SF/Yr to lease.
Market Trends
North Reading, MA spans 13.2 square miles in Middlesex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Reading, 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 North Reading, 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 North Reading, 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 North Reading, MA asks $318/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
North Reading, MA has 15,554 residents in 5,920 households. Density runs 1,182 people per square mile. Median household income here is $150,820 and median gross rent $2,253 a month.
15,554
Population
5,920
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
1,182
Density / Sq Mi
$150,820
Median Household Income
$70,981
Median Earnings
$2,253
Median Rent
$680,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Reading | — | — |
| Wilmington | — | — |
| Lynnfield | — | — |
| Woburn | — | $22.10 |
Commercial property in North Reading, MA asks $521/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Reading?
Commercial property in North Reading, MA asks an average of $521 per square foot. The 5 most recent recorded sales traded at a median of $507/SF, so asking sits 3% above the achieved median. Multifamily carries the highest asking price at $318/SF.
How much does it cost to lease commercial space in North Reading?
Asking lease rates in North Reading, MA average $22.81 per square foot per year.
Where does Realmo's North Reading market data come from?
Realmo compiles North Reading, MA figures from 7 recent recorded sales, 8 active sale listings, 12 active lease listings, 294 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 12 active for-lease listings in North Reading, 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 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
