Commercial Real Estate Market in Tewksbury, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
42 active listings and 692 off-market properties in Tewksbury, MA. Commercial property asks $868/SF to buy and $19.68/SF/Yr to lease.
Market Trends
Tewksbury, MA spans 20.8 square miles in Middlesex County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Tewksbury, 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 Tewksbury, 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 Tewksbury, 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 Tewksbury, 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 77%
- Open space 8.1%
- Industrial 4.8%
- Commercial 3.7%
- Civic 3.6%
- Mixed use 2.7%
Largest Zones share of zoned land by district
Residence 40
Park
Industrial 1
Office Research
Multifamily
Tewksbury, MA zones 13,397 acres across 15 districts. Commercial zoning covers 3.7% of zoned land, residential 77%, open space 8.1% and industrial 4.8%. The largest single district is Residence 40 at 73.7%. For commercial buyers the practical constraint is that only 8.5% of land carries a commercial or industrial designation.
Residence 40 (R40)
B. Residence 40 (R40). The R40 district is a low-density residential district intended primarily for development of single-family residential development. The Town discourages intensive land uses, uses that would detract from the single-family residential cha racter of R40 neighborhoods, and uses that would otherwise interfere with the intent of this Bylaw.…
Market overview
Demographics & Economy
Tewksbury, MA has 31,105 residents in 12,212 households. Density runs 1,493 people per square mile. Median household income here is $126,795 and median gross rent $2,248 a month.
31,105
Population
12,212
Households
2.5
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
20.8 sq mi
ZIP Area
1,493
Density / Sq Mi
$126,795
Median Household Income
$65,008
Median Earnings
$2,248
Median Rent
$546,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Andover | — | $28.99 |
| Billerica | — | $16.28 |
| Wilmington | — | — |
| Chelmsford | — | $31.40 |
Commercial property in Tewksbury, MA asks $868/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tewksbury?
Commercial property in Tewksbury, MA asks an average of $868 per square foot. The 7 most recent recorded sales traded at a median of $172/SF, so asking sits 404% above the achieved median. Multifamily carries the highest asking price at $318/SF.
How much does it cost to lease commercial space in Tewksbury?
Asking lease rates in Tewksbury, MA average $19.68 per square foot per year.
What zoning applies to commercial property in Tewksbury?
Tewksbury, MA zones 13,397 acres across 15 districts, of which 3.7% is commercial and 4.8% industrial. The largest single district is Residence 40 at 73.7% of zoned land. B. Residence 40 (R40). The R40 district is a low-density residential district intended primarily for development of single-family residential development. The Town discourages intensive land uses, uses that would detract from the single-family residential cha racter of R40 neighborhoods, and uses that would otherwise interfere with the intent of this Bylaw.… Residential zoning covers 77% and open space 8.1%.
Where does Realmo's Tewksbury market data come from?
Realmo compiles Tewksbury, MA figures from 8 recent recorded sales, 16 active sale listings, 26 active lease listings, 692 tracked off-market properties, the current Tewksbury zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 26 active for-lease listings in Tewksbury, 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: 13,397 zoned acres across 15 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
