Commercial Real Estate Market in Cape Elizabeth, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 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 October 2026.
Office
Across Cumberland County, office space asks $206/SF to buy. Office vacancy in Cape Elizabeth, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Cumberland County, retail space asks $282/SF to buy. Retail vacancy in Cape Elizabeth, ME runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
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%.
Multifamily
Across Cumberland County, multifamily space asks $268/SF to buy. Multifamily vacancy in Cape Elizabeth, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| South Portland | $238 | $17.50 |
| Portland | $277 | $18.00 |
| Scarborough | $261 | $16.00 |
Commercial property in Cape Elizabeth, ME asks $358/SF. The 3 bordering markets run from $238/SF in South Portland to $277/SF in Portland, and the city sits above their $261/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Cape Elizabeth?
How does Cape Elizabeth compare to nearby markets on price?
Where does Realmo's Cape Elizabeth market data come from?
Methodology & data sources
- Asking prices and medians
- There are 3 active for-sale and 1 active for-lease listings in Cape Elizabeth, ME. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
