Commercial Real Estate Market in Wellesley Hills, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
52 active listings and 265 off-market properties in Wellesley Hills, MA. Commercial property asks $202/SF to buy and $55.20/SF/Yr to lease.
Market Trends
Wellesley Hills, MA spans 6.1 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Wellesley Hills, 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 Wellesley Hills, 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 Wellesley Hills, 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 Wellesley Hills, MA asks $376/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
Market overview
Demographics & Economy
Wellesley Hills, MA has 17,280 residents in 5,145 households. Density runs 2,838 people per square mile. Median household income here is $250,001 and median gross rent $3,064 a month.
17,280
Population
5,145
Households
3.4
Avg Household Size
36
Median Age
90%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
2,838
Density / Sq Mi
$250,001
Median Household Income
$82,159
Median Earnings
$3,064
Median Rent
$1,642,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wellesley | — | $55.20 |
| Needham | — | $29.31 |
| Newton | — | $34.39 |
| Natick | — | $26.69 |
Commercial property in Wellesley Hills, MA asks $202/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wellesley Hills?
Commercial property in Wellesley Hills, MA asks an average of $202 per square foot. Multifamily carries the highest asking price at $376/SF.
How much does it cost to lease commercial space in Wellesley Hills?
Asking lease rates in Wellesley Hills, MA average $55.20 per square foot per year.
Where does Realmo's Wellesley Hills market data come from?
Realmo compiles Wellesley Hills, MA figures from 7 recent recorded sales, 9 active sale listings, 43 active lease listings, 265 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 43 active for-lease listings in Wellesley Hills, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · report a data issue
