Commercial Real Estate Market in Farmington, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
54 active listings and 336 off-market properties in Farmington, ME. Commercial property asks $4/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Farmington, ME spans 122.5 square miles in Franklin County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Farmington, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Farmington, ME asks $108/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 Farmington, 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 vacancy in Farmington, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 91.6%
- Industrial 8.4%
Largest Zones share of zoned land by district
Farm And Forest
General Purpose
Residential
Village Residential
Residential And Light Commercial
Farmington, ME zones 35,472 acres across 6 districts. Commercial zoning covers 91.6% of zoned land, industrial 8.4%. The largest single district is Farm And Forest at 84.1%. For commercial buyers the practical constraint is that only 100% of land carries a commercial or industrial designation.
Farm And Forest (F-F)
The purpose of the Farm and Forest District is to maintain those areas that have traditionally been used for farming and forestry as rural areas, to preserve large areas of open space with limited amounts of residential development, and to allow appropriate businesses.
Market overview
Demographics & Economy
Farmington, ME has 9,592 residents in 4,936 households. Density runs 78 people per square mile. Median household income here is $54,281 and median gross rent $910 a month.
9,592
Population
4,936
Households
1.9
Avg Household Size
40
Median Age
33%
College-Educated
94%
High-School Grad
122.5 sq mi
ZIP Area
78
Density / Sq Mi
$54,281
Median Household Income
$27,500
Median Earnings
$910
Median Rent
$169,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Temple | — | — |
| Wilton | — | — |
| Industry | — | — |
| Perkins Township | — | — |
Commercial property in Farmington, ME asks $4/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Farmington?
Commercial property in Farmington, ME asks an average of $4 per square foot. The 5 most recent recorded sales traded at a median of $357/SF. Retail carries the highest asking price at $108/SF.
How much does it cost to lease commercial space in Farmington?
Asking lease rates in Farmington, ME average $10.00 per square foot per year.
What zoning applies to commercial property in Farmington?
Farmington, ME zones 35,472 acres across 6 districts, of which 91.6% is commercial and 8.4% industrial. The largest single district is Farm And Forest at 84.1% of zoned land. The purpose of the Farm and Forest District is to maintain those areas that have traditionally been used for farming and forestry as rural areas, to preserve large areas of open space with limited amounts of residential development, and to allow appropriate businesses. Residential zoning covers 0% and open space 0%.
Where does Realmo's Farmington market data come from?
Realmo compiles Farmington, ME figures from 5 recent recorded sales, 53 active sale listings, 1 active lease listings, 336 tracked off-market properties, the current Farmington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 53 active for-sale and 1 active for-lease listings in Farmington, 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: 35,472 zoned acres across 6 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
