Commercial Real Estate Market in Freeport, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 325 off-market properties in Freeport, ME. Commercial property asks $728/SF to buy and $17.71/SF/Yr to lease.
Market Trends
Freeport, ME spans 34.7 square miles in Cumberland County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Freeport, 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 Freeport, 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 Freeport, 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 Freeport, 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 80%
- Commercial 7.4%
- Mixed use 2.3%
- Industrial 1.8%
Largest Zones share of zoned land by district
Rural Residential I
Rural Residential II
Resource Protection II
Medium Density A
Medium Density Residential I
Freeport, ME zones 22,933 acres across 30 districts. Commercial zoning covers 7.4% of zoned land, residential 80% and industrial 1.8%. The largest single district is Rural Residential I at 58.3%. For commercial buyers the practical constraint is that only 9.1% of land carries a commercial or industrial designation.
Rural Residential I (RR-1)
The Rural Residential District I is the most open and rural area in town and extends generally beyond the area of Freeport that is serviced by public water and sewer. It is intended that open space, agricultural and low density residential uses be encouraged, in that they tend to enhance, reinforce, and protect the rural, open space atmosphere now characteri…
Market overview
Demographics & Economy
Freeport, ME has 8,737 residents in 4,133 households. Density runs 251 people per square mile. Median household income here is $108,864 and median gross rent $1,436 a month.
8,737
Population
4,133
Households
2.1
Avg Household Size
47
Median Age
57%
College-Educated
94%
High-School Grad
34.7 sq mi
ZIP Area
251
Density / Sq Mi
$108,864
Median Household Income
$48,222
Median Earnings
$1,436
Median Rent
$445,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mere Point | — | — |
| Pownal | — | — |
| Yarmouth | — | — |
| North Yarmouth | — | — |
Commercial property in Freeport, ME asks $728/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Freeport?
Commercial property in Freeport, ME asks an average of $728 per square foot. The 6 most recent recorded sales traded at a median of $332/SF, so asking sits 119% above the achieved median. Multifamily carries the highest asking price at $266/SF.
How much does it cost to lease commercial space in Freeport?
Asking lease rates in Freeport, ME average $17.71 per square foot per year.
What zoning applies to commercial property in Freeport?
Freeport, ME zones 22,933 acres across 30 districts, of which 7.4% is commercial and 1.8% industrial. The largest single district is Rural Residential I at 58.3% of zoned land. The Rural Residential District I is the most open and rural area in town and extends generally beyond the area of Freeport that is serviced by public water and sewer. It is intended that open space, agricultural and low density residential uses be encouraged, in that they tend to enhance, reinforce, and protect the rural, open space atmosphere now characteri… Residential zoning covers 80% and open space 0%.
Where does Realmo's Freeport market data come from?
Realmo compiles Freeport, ME figures from 7 recent recorded sales, 26 active sale listings, 14 active lease listings, 325 tracked off-market properties, the current Freeport zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 14 active for-lease listings in Freeport, 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: 22,933 zoned acres across 30 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
