Commercial Real Estate Market in Belgrade, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 23 off-market properties in Belgrade, ME.
Market Trends
Belgrade, ME spans 42.7 square miles in Kennebec County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Belgrade, ME asks $95/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Belgrade, ME asks $127/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Belgrade, ME 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 Belgrade, ME asks $118/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
- Commercial 9.3%
- Industrial 0.2%
Largest Zones share of zoned land by district
No Zoning
Limited Residential District
Resource Protection District
Environmental Advisory Area
Resource Protection Slope District
Limited Residential District (LRD)
The Limited Residential District includes those areas suitable for residential and recreational development. It includes areas other than those in the Resource Protection District, or Stream Protection District, and areas which are used less intensively than those in the Limited Commercial District, the General Development Districts, or the Commercial Fisher…
Market overview
Demographics & Economy
Belgrade, ME has 3,259 residents in 2,261 households. Density runs 76 people per square mile. Median household income here is $86,021 and median gross rent $868 a month.
3,259
Population
2,261
Households
1.4
Avg Household Size
49
Median Age
46%
College-Educated
98%
High-School Grad
42.7 sq mi
ZIP Area
76
Density / Sq Mi
$86,021
Median Household Income
$41,846
Median Earnings
$868
Median Rent
$304,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rome | — | — |
| Oakland | — | — |
| Sidney | — | — |
| Mount Vernon | — | — |
Commercial property in Belgrade, ME asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Belgrade?
Commercial property in Belgrade, ME asks an average of $7 per square foot. Retail carries the highest asking price at $127/SF.
Where does Realmo's Belgrade market data come from?
Realmo compiles Belgrade, ME figures from 26 active sale listings, 23 tracked off-market properties, the current Belgrade zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 0 active for-lease listings in Belgrade, ME. 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: 30,185 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 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
