Commercial Real Estate Market in Westminster, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 140 off-market properties in Westminster, MA. Commercial property asks $31/SF to buy and $8.25/SF/Yr to lease.
Market Trends
Westminster, MA spans 35.4 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Westminster, 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 Westminster, 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 Westminster, 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 Westminster, 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 92.7%
- Industrial 4.4%
- Commercial 0.3%
Largest Zones share of zoned land by district
Residential II
Residential III
Residential I
Industrial I
Solid Waste Management District
Westminster, MA zones 30,408 acres across 9 districts. Commercial zoning covers 0.3% of zoned land, residential 92.7% and industrial 4.4%. The largest single district is Residential II at 49.7%. For commercial buyers the practical constraint is that only 4.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Westminster, MA has 8,213 residents in 3,469 households. Density runs 232 people per square mile. Median household income here is $101,161 and median gross rent $1,643 a month.
8,213
Population
3,469
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
96%
High-School Grad
35.4 sq mi
ZIP Area
232
Density / Sq Mi
$101,161
Median Household Income
$61,078
Median Earnings
$1,643
Median Rent
$394,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gardner | — | $15.59 |
| Ashburnham | — | — |
| Fitchburg | — | $13.84 |
| Hubbardston | — | — |
Commercial property in Westminster, MA asks $31/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Westminster?
Commercial property in Westminster, MA asks an average of $31 per square foot. The 3 most recent recorded sales traded at a median of $138/SF. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Westminster?
Asking lease rates in Westminster, MA average $8.25 per square foot per year.
What zoning applies to commercial property in Westminster?
Westminster, MA zones 30,408 acres across 9 districts, of which 0.3% is commercial and 4.4% industrial. The largest single district is Residential II at 49.7% of zoned land. Residential zoning covers 92.7% and open space 0%.
Where does Realmo's Westminster market data come from?
Realmo compiles Westminster, MA figures from 5 recent recorded sales, 9 active sale listings, 5 active lease listings, 140 tracked off-market properties, the current Westminster zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 5 active for-lease listings in Westminster, 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: 30,408 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
