Commercial Real Estate Market in Palmer, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
60 active listings and 379 off-market properties in Palmer, MA. Commercial property asks $128/SF to buy and $107.62/SF/Yr to lease.
Market Trends
Palmer, MA spans 28.1 square miles in Hampden County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Palmer, 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 Palmer, 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 Palmer, 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 Palmer, 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 93%
- Commercial 3.6%
- Mixed use 1.8%
- Industrial 1%
- Planned_development 0.7%
Largest Zones share of zoned land by district
Rural Residential
Suburban Residential
Town Residential
Highway Business
Industrial A
Palmer, MA zones 18,996 acres across 13 districts. Commercial zoning covers 3.6% of zoned land, residential 93% and industrial 1%. The largest single district is Rural Residential at 79.5%. For commercial buyers the practical constraint is that only 4.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Palmer, MA has 8,428 residents in 4,192 households. Density runs 300 people per square mile. Median household income here is $79,725 and median gross rent $929 a month.
8,428
Population
4,192
Households
2
Avg Household Size
47
Median Age
25%
College-Educated
86%
High-School Grad
28.1 sq mi
ZIP Area
300
Density / Sq Mi
$79,725
Median Household Income
$50,341
Median Earnings
$929
Median Rent
$251,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Warren | — | — |
| Monson | — | — |
| Ware | — | — |
| Brimfield | — | — |
Commercial property in Palmer, MA asks $128/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palmer?
Commercial property in Palmer, MA asks an average of $128 per square foot. The 4 most recent recorded sales traded at a median of $111/SF, so asking sits 15% above the achieved median.
How much does it cost to lease commercial space in Palmer?
Asking lease rates in Palmer, MA average $107.62 per square foot per year.
What zoning applies to commercial property in Palmer?
Palmer, MA zones 18,996 acres across 13 districts, of which 3.6% is commercial and 1% industrial. The largest single district is Rural Residential at 79.5% of zoned land. Residential zoning covers 93% and open space 0%.
Where does Realmo's Palmer market data come from?
Realmo compiles Palmer, MA figures from 6 recent recorded sales, 41 active sale listings, 19 active lease listings, 379 tracked off-market properties, the current Palmer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 41 active for-sale and 19 active for-lease listings in Palmer, 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: 18,996 zoned acres across 13 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
