Commercial Real Estate Market in Phillipston, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 39 off-market properties in Phillipston, MA.
Market Trends
Phillipston, MA spans 54.2 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Phillipston, 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 Phillipston, 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 Phillipston, 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 Phillipston, MA asks $216/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 47.6%
- Industrial 43.5%
- Open space 9%
Largest Zones share of zoned land by district
Residential Agriculture
Commercial Industrial
Recreation
Phillipston, MA zones 13,445 acres across 3 districts. The largest single district is Residential Agriculture at 47.6%. For commercial buyers the practical constraint is that only 43.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Phillipston, MA has 13,656 residents in 6,050 households. Density runs 252 people per square mile. Median household income here is $68,345 and median gross rent $1,041 a month.
13,656
Population
6,050
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
54.2 sq mi
ZIP Area
252
Density / Sq Mi
$68,345
Median Household Income
$42,132
Median Earnings
$1,041
Median Rent
$257,300
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Phillipston?
Phillipston, MA zones 13,445 acres across 3 districts, of which 0% is commercial and 43.5% industrial. The largest single district is Residential Agriculture at 47.6% of zoned land. Residential zoning covers 47.6% and open space 9%.
Where does Realmo's Phillipston market data come from?
Realmo compiles Phillipston, MA figures from 2 recent recorded sales, 2 active sale listings, 39 tracked off-market properties, the current Phillipston zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Phillipston, 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: 13,445 zoned acres across 3 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
