Commercial Real Estate Market in Quincy, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
165 active listings and 1,222 off-market properties in Quincy, MA. Commercial property asks $437/SF to buy and $29.02/SF/Yr to lease.
Market Trends
Quincy, MA spans 16.6 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Quincy, 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 Quincy, 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 Quincy, 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 Quincy, MA asks $386/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 38.5%
- Open space 35.1%
- Commercial 10.2%
- Planned_development 7.9%
- Mixed use 1.4%
Largest Zones share of zoned land by district
Open Space
Single Family
Multifamily Low Density
Planned Unit Development
General Business
Quincy, MA zones 11,244 acres across 13 districts. Commercial zoning covers 10.2% of zoned land, residential 38.5% and open space 35.1%. The largest single district is Open Space at 35.1%. For commercial buyers the practical constraint is that only 10.2% of land carries a commercial or industrial designation.
Open Space (OS)
The purpose of the Open Space District is to identify those areas dedicated or used for public or semipublic uses, such as parks and recreation areas, cemeteries and open space reservations. Lands acquired and used for public or semipublic open space purposes by a private organization may be included in the Open Space District.
Market overview
Demographics & Economy
Quincy, MA has 101,629 residents in 48,182 households. Density runs 6,110 people per square mile. Median household income here is $96,478 and median gross rent $2,000 a month.
101,629
Population
48,182
Households
2.1
Avg Household Size
39
Median Age
49%
College-Educated
90%
High-School Grad
16.6 sq mi
ZIP Area
6,110
Density / Sq Mi
$96,478
Median Household Income
$58,810
Median Earnings
$2,000
Median Rent
$588,711
Median Home Value
Tools
Lease vs Buy Breakeven
At $29.02/SF/Yr lease vs $437/SF buy → buying wins if held > 3.7 years.
At a 6.6% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Braintree | — | $24.05 |
| Weymouth | — | $16.35 |
| Milton | — | — |
| Boston | — | $50.72 |
Commercial property in Quincy, MA asks $437/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Quincy?
Commercial property in Quincy, MA asks an average of $437 per square foot. The 5 most recent recorded sales traded at a median of $316/SF, so asking sits 38% above the achieved median. Multifamily carries the highest asking price at $386/SF.
How much does it cost to lease commercial space in Quincy?
Asking lease rates in Quincy, MA average $29.02 per square foot per year.
Is it cheaper to lease or buy commercial space in Quincy?
Buying beats leasing in Quincy, MA if the property is held longer than 3.7 years, comparing $29.02/SF/Yr asking rent with $437/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Quincy?
Quincy, MA zones 11,244 acres across 13 districts, of which 10.2% is commercial and 0% industrial. The largest single district is Open Space at 35.1% of zoned land. The purpose of the Open Space District is to identify those areas dedicated or used for public or semipublic uses, such as parks and recreation areas, cemeteries and open space reservations. Lands acquired and used for public or semipublic open space purposes by a private organization may be included in the Open Space District. Residential zoning covers 38.5% and open space 35.1%.
Where does Realmo's Quincy market data come from?
Realmo compiles Quincy, MA figures from 8 recent recorded sales, 73 active sale listings, 92 active lease listings, 1,222 tracked off-market properties, the current Quincy zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 92 active for-lease listings in Quincy, 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: 11,244 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
