Commercial Real Estate Market in Russell, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 48 off-market properties in Russell, MA.
Market Trends
Russell, MA spans 15.7 square miles in Hampden County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Russell, 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 Russell, 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 Russell, 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 Russell, 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
- Residential 93%
- Industrial 6.7%
- Mixed use 0.2%
- Commercial 0.1%
Largest Zones share of zoned land by district
Rural Residential
Industrial
Residential
Mixed Use Village
Business
Russell, MA zones 11,545 acres across 5 districts. Commercial zoning covers 0.1% of zoned land, residential 93% and industrial 6.7%. The largest single district is Rural Residential at 89.9%. For commercial buyers the practical constraint is that only 6.8% of land carries a commercial or industrial designation.
Rural Residential (RR)
The intent of this district is to promote rural residential uses.
Market overview
Demographics & Economy
Russell, MA has 1,486 residents in 624 households. Density runs 95 people per square mile. Median household income here is $107,292 and median gross rent $950 a month.
1,486
Population
624
Households
2.4
Avg Household Size
40
Median Age
30%
College-Educated
97%
High-School Grad
15.7 sq mi
ZIP Area
95
Density / Sq Mi
$107,292
Median Household Income
$73,547
Median Earnings
$950
Median Rent
$287,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Montgomery | — | — |
| Huntington | — | — |
| Blandford | — | — |
| Southampton | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Russell?
Russell, MA zones 11,545 acres across 5 districts, of which 0.1% is commercial and 6.7% industrial. The largest single district is Rural Residential at 89.9% of zoned land. The intent of this district is to promote rural residential uses. Residential zoning covers 93% and open space 0%.
Where does Realmo's Russell market data come from?
Realmo compiles Russell, MA figures from 5 active lease listings, 48 tracked off-market properties, the current Russell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 0 active for-sale and 5 active for-lease listings in Russell, 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: 11,545 zoned acres across 5 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
