Commercial Real Estate Market in Falmouth, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
7 active listings and 235 off-market properties in Falmouth, ME.
Market Trends
Falmouth, ME spans 29.3 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 Falmouth, 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 Falmouth, 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 Falmouth, 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 Falmouth, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 91%
- Mixed use 5.3%
- Planned_development 3.6%
- Civic 0.1%
- Industrial 0%
Largest Zones share of zoned land by district
Falmouth, ME zones 18,899 acres across 22 districts. The largest single district is Farm And Forest at 46.6%. For commercial buyers the practical constraint is that only 0% of land carries a commercial or industrial designation.
The farm and forest district is an area which is not expected to be provided withpublic sewer, located in a generally rural area and intended to remain in that character. The district allows residential uses at low density and recreational and agricultural pursuits.
Market overview
Demographics & Economy
Falmouth, ME has 12,406 residents in 5,332 households. Density runs 424 people per square mile. Median household income here is $131,833 and median gross rent $2,070 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Yarmouth | $328 | — |
| South Portland | $238 | $17.00 |
| Portland | $280 | $18.00 |
| Westbrook | $273 | $15.25 |
Commercial property in Falmouth, ME asks $290/SF. The 4 bordering markets run from $238/SF in South Portland to $328/SF in Yarmouth, and the city sits above their $276/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Falmouth?
How does Falmouth compare to nearby markets on price?
What zoning applies to commercial property in Falmouth?
Where does Realmo's Falmouth market data come from?
Methodology & data sources
- Asking prices and medians
- There are 6 active for-sale and 1 active for-lease listings in Falmouth, ME. The sale median is based on 5 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.
- Zoning and land use
- The current municipal zoning release: 18,899 zoned acres across 22 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 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
