Commercial Real Estate Market in Southborough, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
38 active listings and 174 off-market properties in Southborough, MA. Commercial property asks $680/SF to buy and $22.50/SF/Yr to lease.
Market Trends
Southborough, MA spans 14.0 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Southborough, 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 Southborough, 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 Southborough, 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 Southborough, 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 64.1%
- Commercial 28%
- Industrial 7.9%
Largest Zones share of zoned land by district
Residence A
Conservation
Residence B
Industrial Park
Industrial
Southborough, MA zones 9,947 acres across 9 districts. Commercial zoning covers 28% of zoned land, residential 64.1% and industrial 7.9%. The largest single district is Residence A at 42.8%. For commercial buyers the practical constraint is that only 35.9% of land carries a commercial or industrial designation.
Residence A (RA)
The purpose of this RA district is to provide areas for the one family home and necessary accessory uses
Market overview
Demographics & Economy
Southborough, MA has 10,450 residents in 3,821 households. Density runs 746 people per square mile. Median household income here is $196,023 and median gross rent $2,425 a month.
10,450
Population
3,821
Households
2.7
Avg Household Size
43
Median Age
76%
College-Educated
98%
High-School Grad
14 sq mi
ZIP Area
746
Density / Sq Mi
$196,023
Median Household Income
$96,876
Median Earnings
$2,425
Median Rent
$809,493
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ashland | — | $32.83 |
| Framingham | — | $22.21 |
| Hopkinton | — | — |
| Marlborough | — | $32.27 |
Commercial property in Southborough, MA asks $680/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Southborough?
Commercial property in Southborough, MA asks an average of $680 per square foot. The 5 most recent recorded sales traded at a median of $1,052/SF. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Southborough?
Asking lease rates in Southborough, MA average $22.50 per square foot per year.
What zoning applies to commercial property in Southborough?
Southborough, MA zones 9,947 acres across 9 districts, of which 28% is commercial and 7.9% industrial. The largest single district is Residence A at 42.8% of zoned land. The purpose of this RA district is to provide areas for the one family home and necessary accessory uses Residential zoning covers 64.1% and open space 0%.
Where does Realmo's Southborough market data come from?
Realmo compiles Southborough, MA figures from 6 recent recorded sales, 11 active sale listings, 27 active lease listings, 174 tracked off-market properties, the current Southborough zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 27 active for-lease listings in Southborough, 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: 9,947 zoned acres across 9 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
