Commercial Real Estate Market in Northampton, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
107 active listings and 1,103 off-market properties in Northampton, MA. Commercial property asks $236/SF to buy and $36.04/SF/Yr to lease.
Market Trends
Northampton, MA spans 28.4 square miles in Hampshire County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Northampton, 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 Northampton, 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 Northampton, 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 vacancy in Northampton, MA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 48.4%
- Commercial 27.6%
- Agricultural 18%
- Industrial 2.5%
- Mixed use 2.4%
- Civic 0.4%
Largest Zones share of zoned land by district
Special Conservancy Flood Plain
Water Supply Protection
Farms Forests And Rivers
Rural Residence
Urban Residence B
Northampton, MA zones 22,894 acres across 20 districts. Commercial zoning covers 27.6% of zoned land, residential 48.4% and industrial 2.5%. The largest single district is Special Conservancy Flood Plain at 26.3%. For commercial buyers the practical constraint is that only 30.2% of land carries a commercial or industrial designation.
Rural Residence (RR)
Attachment 4 - Table of Use and Dimensional Regulations: RR District Attachment 5 - Table of Use and Dimensional Regulations: SR District Attachment 6 - Table of Use and Dimensional Regulations: URA District Attachment 7 - Table of Use and Dimensional Regulations: URB District Attachment 8 - Table of Use and Dimensional Regulations: URC District Attachment 9…
Market overview
Demographics & Economy
Northampton, MA has 27,477 residents in 12,367 households. Density runs 967 people per square mile. Median household income here is $93,536 and median gross rent $1,269 a month.
27,477
Population
12,367
Households
2.2
Avg Household Size
42
Median Age
61%
College-Educated
95%
High-School Grad
28.4 sq mi
ZIP Area
967
Density / Sq Mi
$93,536
Median Household Income
$46,092
Median Earnings
$1,269
Median Rent
$410,716
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hadley | — | $25.97 |
| Easthampton | — | $25.83 |
| Hatfield | — | $33.36 |
| South Hadley | — | $18.85 |
Commercial property in Northampton, MA asks $236/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northampton?
Commercial property in Northampton, MA asks an average of $236 per square foot. The 5 most recent recorded sales traded at a median of $219/SF, so asking sits 7% above the achieved median.
How much does it cost to lease commercial space in Northampton?
Asking lease rates in Northampton, MA average $36.04 per square foot per year.
What zoning applies to commercial property in Northampton?
Northampton, MA zones 22,894 acres across 20 districts, of which 27.6% is commercial and 2.5% industrial. The largest single district is Special Conservancy Flood Plain at 26.3% of zoned land. Residential zoning covers 48.4% and open space 0%.
Where does Realmo's Northampton market data come from?
Realmo compiles Northampton, MA figures from 7 recent recorded sales, 52 active sale listings, 55 active lease listings, 1,103 tracked off-market properties, the current Northampton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 55 active for-lease listings in Northampton, 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: 22,894 zoned acres across 20 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
