Commercial Real Estate Market in Shrewsbury, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
43 active listings and 466 off-market properties in Shrewsbury, MA. Commercial property asks $907/SF to buy and $19.59/SF/Yr to lease.
Market Trends
Shrewsbury, MA spans 20.8 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Shrewsbury, 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 Shrewsbury, 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 Shrewsbury, 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 Shrewsbury, MA asks $216/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 43.5%
- Agricultural 42.3%
- Commercial 5.6%
- Industrial 2.2%
Largest Zones share of zoned land by district
Rural B
Residence B1
Rural A
Residence A
Residence B2
Market overview
Demographics & Economy
Shrewsbury, MA has 38,316 residents in 15,318 households. Density runs 1,846 people per square mile. Median household income here is $136,225 and median gross rent $2,046 a month.
38,316
Population
15,318
Households
2.5
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
1,846
Density / Sq Mi
$136,225
Median Household Income
$74,718
Median Earnings
$2,046
Median Rent
$555,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Worcester | — | $20.50 |
| Northborough | — | — |
| Westborough | — | $16.73 |
| Boylston | — | — |
Commercial property in Shrewsbury, MA asks $907/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shrewsbury?
Commercial property in Shrewsbury, MA asks an average of $907 per square foot. The 3 most recent recorded sales traded at a median of $671/SF, so asking sits 35% above the achieved median. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Shrewsbury?
Asking lease rates in Shrewsbury, MA average $19.59 per square foot per year.
Where does Realmo's Shrewsbury market data come from?
Realmo compiles Shrewsbury, MA figures from 8 recent recorded sales, 15 active sale listings, 28 active lease listings, 466 tracked off-market properties, the current Shrewsbury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 28 active for-lease listings in Shrewsbury, 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: 8,467 zoned acres across 17 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
