Commercial Real Estate Market in Falmouth, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 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 August 2026.
Office
Office space in Falmouth, 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 Falmouth, 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 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Falmouth, 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
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
Farm And Forest
Farm And Forest Manufactured Housing
Residential A
Residential D
Residential B
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.
Farm And Forest (F)
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.
12,406
Population
5,332
Households
2.3
Avg Household Size
48
Median Age
70%
College-Educated
98%
High-School Grad
29.3 sq mi
ZIP Area
424
Density / Sq Mi
$131,833
Median Household Income
$69,303
Median Earnings
$2,070
Median Rent
$669,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Long Island | — | — |
| Cumberland | — | — |
| Yarmouth | — | — |
| South Portland | — | $18.95 |
Commercial property in Falmouth, ME asks $34/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Falmouth?
Commercial property in Falmouth, ME asks an average of $34 per square foot. The 3 most recent recorded sales traded at a median of $174/SF. Multifamily carries the highest asking price at $266/SF.
What zoning applies to commercial property in Falmouth?
Falmouth, ME zones 18,899 acres across 22 districts, of which 0% is commercial and 0% industrial. The largest single district is Farm And Forest at 46.6% of zoned land. 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. Residential zoning covers 91% and open space 0%.
Where does Realmo's Falmouth market data come from?
Realmo compiles Falmouth, ME figures from 4 recent recorded sales, 15 active sale listings, 1 active lease listings, 235 tracked off-market properties, the current Falmouth zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 1 active for-lease listings in Falmouth, 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: 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 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
