Commercial Real Estate Market in Shirley, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 148 off-market properties in Shirley, MA. Commercial property asks $350/SF to buy and $13.60/SF/Yr to lease.
Market Trends
Shirley, MA spans 15.1 square miles in Middlesex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shirley, 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 Shirley, 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 Shirley, 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 Shirley, MA asks $318/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 94.8%
- Industrial 3.7%
- Commercial 0.9%
- Mixed use 0.7%
Largest Zones share of zoned land by district
Residential 1
Rural Residential
Residential 2
Residential 3
Industrial
Shirley, MA zones 10,197 acres across 10 districts. Commercial zoning covers 0.9% of zoned land, residential 94.8% and industrial 3.7%. The largest single district is Residential 1 at 52.8%. For commercial buyers the practical constraint is that only 4.5% of land carries a commercial or industrial designation.
Residential 1 (R-1)
The pw-poses of the R-1 District are to provide for neighborhoods developed at a suburban density and scale, with a limited mix of residential uses appropriate for outlying areas in a small town.
Market overview
Demographics & Economy
Shirley, MA has 7,427 residents in 2,512 households. Density runs 491 people per square mile. Median household income here is $121,875 and median gross rent $1,189 a month.
7,427
Population
2,512
Households
3
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
15.1 sq mi
ZIP Area
491
Density / Sq Mi
$121,875
Median Household Income
$73,721
Median Earnings
$1,189
Median Rent
$412,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ayer | — | — |
| Harvard | — | — |
| Lunenburg | — | — |
| Leominster | — | $11.61 |
Commercial property in Shirley, MA asks $350/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shirley?
Commercial property in Shirley, MA asks an average of $350 per square foot. The 6 most recent recorded sales traded at a median of $134/SF, so asking sits 161% above the achieved median. Multifamily carries the highest asking price at $318/SF.
How much does it cost to lease commercial space in Shirley?
Asking lease rates in Shirley, MA average $13.60 per square foot per year.
What zoning applies to commercial property in Shirley?
Shirley, MA zones 10,197 acres across 10 districts, of which 0.9% is commercial and 3.7% industrial. The largest single district is Residential 1 at 52.8% of zoned land. The pw-poses of the R-1 District are to provide for neighborhoods developed at a suburban density and scale, with a limited mix of residential uses appropriate for outlying areas in a small town. Residential zoning covers 94.8% and open space 0%.
Where does Realmo's Shirley market data come from?
Realmo compiles Shirley, MA figures from 8 recent recorded sales, 10 active sale listings, 16 active lease listings, 148 tracked off-market properties, the current Shirley zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 16 active for-lease listings in Shirley, 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: 10,197 zoned acres across 10 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
