Commercial Real Estate Market in Provincetown, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
61 active listings and 657 off-market properties in Provincetown, MA. Commercial property asks $912/SF to buy and $23.90/SF/Yr to lease.
Market Trends
Provincetown, MA spans 9.7 square miles in Barnstable County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Provincetown, MA asks $284/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Provincetown, MA asks $506/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Provincetown, 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 Provincetown, MA asks $387/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 48.1%
- Commercial 40.9%
- Mixed use 6.1%
- Civic 4.6%
- Industrial 0.2%
Largest Zones share of zoned land by district
Residential District 1
Residential District 3
Town Center Commercial
Municipal District
Residential Business District
Provincetown, MA zones 1,375 acres across 9 districts. Commercial zoning covers 40.9% of zoned land, residential 48.1% and industrial 0.2%. The largest single district is Residential District 1 at 48.1%. For commercial buyers the practical constraint is that only 41.2% of land carries a commercial or industrial designation.
Residential District 1 (R1)
To provide for less dense residential development in the towns outlying areas.
Market overview
Demographics & Economy
Provincetown, MA has 3,664 residents in 4,778 households. Density runs 379 people per square mile. Median household income here is $104,500 and median gross rent $1,306 a month.
3,664
Population
4,778
Households
0.8
Avg Household Size
58
Median Age
61%
College-Educated
96%
High-School Grad
9.7 sq mi
ZIP Area
379
Density / Sq Mi
$104,500
Median Household Income
$54,784
Median Earnings
$1,306
Median Rent
$769,500
Median Home Value
Tools
Nearby Markets
Commercial property in Provincetown, MA asks $912/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Provincetown?
Commercial property in Provincetown, MA asks an average of $912 per square foot. The 8 most recent recorded sales traded at a median of $938/SF. Retail carries the highest asking price at $506/SF.
How much does it cost to lease commercial space in Provincetown?
Asking lease rates in Provincetown, MA average $23.90 per square foot per year.
What zoning applies to commercial property in Provincetown?
Provincetown, MA zones 1,375 acres across 9 districts, of which 40.9% is commercial and 0.2% industrial. The largest single district is Residential District 1 at 48.1% of zoned land. To provide for less dense residential development in the towns outlying areas. Residential zoning covers 48.1% and open space 0%.
Where does Realmo's Provincetown market data come from?
Realmo compiles Provincetown, MA figures from 8 recent recorded sales, 58 active sale listings, 3 active lease listings, 657 tracked off-market properties, the current Provincetown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 58 active for-sale and 3 active for-lease listings in Provincetown, 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: 1,375 zoned acres across 9 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
