Commercial Real Estate Market in Pembroke, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
20 active listings and 345 off-market properties in Pembroke, MA. Commercial property asks $342/SF to buy and $14.34/SF/Yr to lease.
Market Trends
Pembroke, MA spans 21.8 square miles in Plymouth County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pembroke, 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 Pembroke, 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 Pembroke, 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 Pembroke, 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
- Commercial 47.6%
- Industrial 24.5%
- Residential 24.5%
Largest Zones share of zoned land by district
Residential Commercial
Residential
Business
Industrial
Industrial
Pembroke, MA zones 3,114 acres across 7 districts. Commercial zoning covers 47.6% of zoned land, residential 24.5% and industrial 24.5%. The largest single district is Residential Commercial at 24.7%. For commercial buyers the practical constraint is that only 72.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Pembroke, MA has 18,361 residents in 7,173 households. Density runs 843 people per square mile. Median household income here is $141,332 and median gross rent $2,413 a month.
18,361
Population
7,173
Households
2.6
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
21.8 sq mi
ZIP Area
843
Density / Sq Mi
$141,332
Median Household Income
$69,860
Median Earnings
$2,413
Median Rent
$550,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hanover | — | $23.27 |
| Hanson | — | $15.82 |
| Halifax | — | — |
| Kingston | — | — |
Commercial property in Pembroke, MA asks $342/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pembroke?
Commercial property in Pembroke, MA asks an average of $342 per square foot. The 7 most recent recorded sales traded at a median of $122/SF, so asking sits 180% above the achieved median.
How much does it cost to lease commercial space in Pembroke?
Asking lease rates in Pembroke, MA average $14.34 per square foot per year.
What zoning applies to commercial property in Pembroke?
Pembroke, MA zones 3,114 acres across 7 districts, of which 47.6% is commercial and 24.5% industrial. The largest single district is Residential Commercial at 24.7% of zoned land. Residential zoning covers 24.5% and open space 0%.
Where does Realmo's Pembroke market data come from?
Realmo compiles Pembroke, MA figures from 7 recent recorded sales, 12 active sale listings, 8 active lease listings, 345 tracked off-market properties, the current Pembroke zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 8 active for-lease listings in Pembroke, 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: 3,114 zoned acres across 7 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
