Commercial Real Estate Market in Northfield, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 97 off-market properties in Northfield, MA.
Market Trends
Northfield, MA spans 34.3 square miles in Franklin County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Northfield, 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 Northfield, 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 Northfield, 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 Northfield, 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 94.4%
- Open space 3.4%
- Planned_development 1%
- Special 0.7%
Largest Zones share of zoned land by district
Residential Agricultural Forested
Residential Agricultural
Recreation Tourism District 1
Planned Development District
Photovoltaic Solar Overlay District
Northfield, MA zones 22,652 acres across 6 districts. The largest single district is Residential Agricultural Forested at 60.9%.
Recreation Tourism District 1 (RT-1)
The purpose of this district RT-1 is to promote Recreation Tourism District 1 uses.
Market overview
Demographics & Economy
Northfield, MA has 2,871 residents in 1,415 households. Density runs 84 people per square mile. Median household income here is $102,470 and median gross rent $1,189 a month.
2,871
Population
1,415
Households
2
Avg Household Size
49
Median Age
43%
College-Educated
93%
High-School Grad
34.3 sq mi
ZIP Area
84
Density / Sq Mi
$102,470
Median Household Income
$52,269
Median Earnings
$1,189
Median Rent
$337,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gill | — | — |
| Bernardston | — | — |
| Greenfield | — | — |
| Erving | — | — |
Commercial property in Northfield, MA asks $133/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northfield?
Commercial property in Northfield, MA asks an average of $133 per square foot.
What zoning applies to commercial property in Northfield?
Northfield, MA zones 22,652 acres across 6 districts, of which 0% is commercial and 0% industrial. The largest single district is Residential Agricultural Forested at 60.9% of zoned land. Residential zoning covers 94.4% and open space 3.4%.
Where does Realmo's Northfield market data come from?
Realmo compiles Northfield, MA figures from 2 recent recorded sales, 1 active sale listings, 97 tracked off-market properties, the current Northfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Northfield, 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: 22,652 zoned acres across 6 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
