Commercial Real Estate Market in Walpole, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 452 off-market properties in Walpole, MA. Commercial property asks $749/SF to buy and $15.77/SF/Yr to lease.
Market Trends
Walpole, MA spans 17.7 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Walpole, 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 Walpole, 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 Walpole, 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 Walpole, MA asks $386/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 63.1%
- Industrial 16.8%
- Civic 16.4%
- Commercial 3.7%
Largest Zones share of zoned land by district
Rural
Residence B
Park School Recreation And Conservation
Residence A
General Residence
Walpole, MA zones 13,506 acres across 10 districts. Commercial zoning covers 3.7% of zoned land, residential 63.1% and industrial 16.8%. The largest single district is Rural at 31.9%. For commercial buyers the practical constraint is that only 20.5% of land carries a commercial or industrial designation.
Rural (R)
The primary purpose of Rural Resident district is to provide an area for agriculture, open space, and lower density, single-family residential land use.
Market overview
Demographics & Economy
Walpole, MA has 20,584 residents in 7,663 households. Density runs 1,161 people per square mile. Median household income here is $150,233 and median gross rent $1,980 a month.
20,584
Population
7,663
Households
2.7
Avg Household Size
43
Median Age
61%
College-Educated
97%
High-School Grad
17.7 sq mi
ZIP Area
1,161
Density / Sq Mi
$150,233
Median Household Income
$75,808
Median Earnings
$1,980
Median Rent
$647,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sharon | — | $16.02 |
| Norwood | — | $15.27 |
| Canton | — | $19.14 |
| Westwood | — | $17.02 |
Commercial property in Walpole, MA asks $749/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Walpole?
Commercial property in Walpole, MA asks an average of $749 per square foot. The 6 most recent recorded sales traded at a median of $279/SF, so asking sits 168% above the achieved median. Multifamily carries the highest asking price at $386/SF.
How much does it cost to lease commercial space in Walpole?
Asking lease rates in Walpole, MA average $15.77 per square foot per year.
What zoning applies to commercial property in Walpole?
Walpole, MA zones 13,506 acres across 10 districts, of which 3.7% is commercial and 16.8% industrial. The largest single district is Rural at 31.9% of zoned land. The primary purpose of Rural Resident district is to provide an area for agriculture, open space, and lower density, single-family residential land use. Residential zoning covers 63.1% and open space 0%.
Where does Realmo's Walpole market data come from?
Realmo compiles Walpole, MA figures from 6 recent recorded sales, 18 active sale listings, 17 active lease listings, 452 tracked off-market properties, the current Walpole zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 17 active for-lease listings in Walpole, 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: 13,506 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
