Commercial Real Estate Market in Richmond, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 73 off-market properties in Richmond, MA.
Market Trends
Richmond, MA spans 14.5 square miles in Berkshire County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Richmond, MA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Richmond, MA asks $168/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 Richmond, 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 Richmond, MA asks $106/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 99.1%
- Special 0.7%
- Commercial 0.2%
Largest Zones share of zoned land by district
Residential Agricultural C
Wireless Telecommunications Overlay District
Shore Residence
Residential Agricultural A
Commercial
Richmond, MA zones 12,194 acres across 7 districts. Commercial zoning covers 0.2% of zoned land, residential 99.1%. The largest single district is Residential Agricultural C at 98.3%. For commercial buyers the practical constraint is that only 0.2% of land carries a commercial or industrial designation.
Residential Agricultural C (RA-C)
The intent of the zone to promote Residential Agriculture C District
Market overview
Demographics & Economy
Richmond, MA has 946 residents in 569 households. Density runs 65 people per square mile. Median household income here is $113,304 and median gross rent $928 a month.
946
Population
569
Households
1.7
Avg Household Size
56
Median Age
63%
College-Educated
98%
High-School Grad
14.5 sq mi
ZIP Area
65
Density / Sq Mi
$113,304
Median Household Income
$66,875
Median Earnings
$928
Median Rent
$555,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Canaan | — | — |
| West Stockbridge | — | — |
| Lenox | — | — |
| Stockbridge | — | — |
Commercial property in Richmond, MA asks $779/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richmond?
Commercial property in Richmond, MA asks an average of $779 per square foot. Retail carries the highest asking price at $168/SF.
What zoning applies to commercial property in Richmond?
Richmond, MA zones 12,194 acres across 7 districts, of which 0.2% is commercial and 0% industrial. The largest single district is Residential Agricultural C at 98.3% of zoned land. The intent of the zone to promote Residential Agriculture C District Residential zoning covers 99.1% and open space 0%.
Where does Realmo's Richmond market data come from?
Realmo compiles Richmond, MA figures from 3 active sale listings, 2 active lease listings, 73 tracked off-market properties, the current Richmond zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 2 active for-lease listings in Richmond, 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: 12,194 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 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
