Commercial Real Estate Market in Upton, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 96 off-market properties in Upton, MA.
Market Trends
Upton, MA spans 21.2 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Upton, 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 Upton, 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 Upton, 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 Upton, 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 96.8%
- Industrial 2.5%
- Commercial 0.6%
- Civic 0.1%
Largest Zones share of zoned land by district
Agricultural Residential
Single Residential D
Single Residential A
Single Residential C
Commercial And Industrial
Upton, MA zones 17,791 acres across 9 districts. Commercial zoning covers 0.6% of zoned land, residential 96.8% and industrial 2.5%. The largest single district is Agricultural Residential at 79.6%. For commercial buyers the practical constraint is that only 3% of land carries a commercial or industrial designation.
Single Residential D (SRD)
Accessory use in residential districts. In Single Residential SRA, SRB, SRC and SRD Districts and Agricultural Residential Districts, the following uses are hereby specifically declared to be customarily accessory uses within the meaning of this bylaw: (1) Private garage for not more than three automobiles, one of which may be commercial vehicle if not excee…
Market overview
Demographics & Economy
Upton, MA has 7,900 residents in 2,947 households. Density runs 372 people per square mile. Median household income here is $161,429.
7,900
Population
2,947
Households
2.7
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
21.2 sq mi
ZIP Area
372
Density / Sq Mi
$161,429
Median Household Income
$60,682
Median Earnings
$0
Median Rent
$558,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Northbridge | — | $17.85 |
| Grafton | — | — |
| Milford | — | $19.02 |
| Hopedale | — | — |
Commercial property in Upton, MA asks $866/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Upton?
Commercial property in Upton, MA asks an average of $866 per square foot. The 4 most recent recorded sales traded at a median of $204/SF, so asking sits 325% above the achieved median. Multifamily carries the highest asking price at $216/SF.
What zoning applies to commercial property in Upton?
Upton, MA zones 17,791 acres across 9 districts, of which 0.6% is commercial and 2.5% industrial. The largest single district is Agricultural Residential at 79.6% of zoned land. Residential zoning covers 96.8% and open space 0%.
Where does Realmo's Upton market data come from?
Realmo compiles Upton, MA figures from 4 recent recorded sales, 3 active sale listings, 96 tracked off-market properties, the current Upton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Upton, 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: 17,791 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, 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
