Commercial Real Estate Market in Carmel, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 10 off-market properties in Carmel, ME.
Market Trends
Carmel, ME spans 36.6 square miles in Penobscot County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Carmel, ME asks $133/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 Carmel, ME asks $76/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 Carmel, 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 Carmel, ME asks $174/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 92.6%
- Commercial 7.4%
Largest Zones share of zoned land by district
Residential And Farming
Commercial
Carmel, ME zones 23,735 acres across 2 districts. Commercial zoning covers 7.4% of zoned land, residential 92.6%. The largest single district is Residential And Farming at 92.6%. For commercial buyers the practical constraint is that only 7.4% of land carries a commercial or industrial designation.
Residential And Farming (RF)
The purpose of the RF District is to allow uses such as family dwellings, including a single trailer or mobile home, private clubs that are not operated for profit and have no more than five sleeping rooms, churches, educational uses, and similar uses.
Market overview
Demographics & Economy
Carmel, ME has 2,863 residents in 1,318 households. Density runs 78 people per square mile. Median household income here is $89,615 and median gross rent $1,173 a month.
2,863
Population
1,318
Households
2.2
Avg Household Size
41
Median Age
19%
College-Educated
95%
High-School Grad
36.6 sq mi
ZIP Area
78
Density / Sq Mi
$89,615
Median Household Income
$47,632
Median Earnings
$1,173
Median Rent
$234,600
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Carmel?
Carmel, ME zones 23,735 acres across 2 districts, of which 7.4% is commercial and 0% industrial. The largest single district is Residential And Farming at 92.6% of zoned land. The purpose of the RF District is to allow uses such as family dwellings, including a single trailer or mobile home, private clubs that are not operated for profit and have no more than five sleeping rooms, churches, educational uses, and similar uses. Residential zoning covers 92.6% and open space 0%.
Where does Realmo's Carmel market data come from?
Realmo compiles Carmel, ME figures from 1 active sale listings, 10 tracked off-market properties, the current Carmel zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Carmel, 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: 23,735 zoned acres across 2 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
