Commercial Real Estate Market in Cape Elizabeth, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 61 off-market properties in Cape Elizabeth, ME.
Market Trends
Cape Elizabeth, ME spans 14.9 square miles in Cumberland County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cape Elizabeth, ME asks $235/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 Cape Elizabeth, ME asks $252/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 Cape Elizabeth, 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 Cape Elizabeth, ME asks $266/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
Cape Elizabeth, ME has 9,575 residents in 4,007 households. Density runs 644 people per square mile. Median household income here is $145,464 and median gross rent $2,191 a month.
9,575
Population
4,007
Households
2.4
Avg Household Size
49
Median Age
77%
College-Educated
99%
High-School Grad
14.9 sq mi
ZIP Area
644
Density / Sq Mi
$145,464
Median Household Income
$69,964
Median Earnings
$2,191
Median Rent
$659,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Portland | — | $18.95 |
| Portland | — | $17.92 |
| Long Island | — | — |
| Scarborough | — | $19.50 |
Commercial property in Cape Elizabeth, ME asks $875/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cape Elizabeth?
Commercial property in Cape Elizabeth, ME asks an average of $875 per square foot. The 5 most recent recorded sales traded at a median of $399/SF, so asking sits 119% above the achieved median. Multifamily carries the highest asking price at $266/SF.
Where does Realmo's Cape Elizabeth market data come from?
Realmo compiles Cape Elizabeth, ME figures from 6 recent recorded sales, 8 active sale listings, 61 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 0 active for-lease listings in Cape Elizabeth, 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.
- 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
