Commercial Real Estate Market in Freeport, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
20 active listings and 325 off-market properties in Freeport, ME. Commercial property asks $233/SF to buy (based on 5 listings) and $16.00/SF/Yr to lease (based on 5 listings).
Market Trends
Freeport, ME spans 34.7 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 Freeport, 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 Freeport, 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 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%.
Multifamily
Across Cumberland County, multifamily space asks $268/SF to buy. Multifamily vacancy in Freeport, 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 80%
- Commercial 7.4%
- Mixed use 2.3%
- Industrial 1.8%
Largest Zones share of zoned land by district
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.
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.
Tools
Nearby Markets
Commercial property in Freeport, ME asks $233/SF. The 2 bordering markets run from $151/SF in Topsham to $328/SF in Yarmouth, and the city sits below their $240/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Freeport?
How much does it cost to lease commercial space in Freeport?
How does Freeport compare to nearby markets on price?
What zoning applies to commercial property in Freeport?
Where does Realmo's Freeport market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 11 active for-lease listings in Freeport, ME. The medians are based on 5 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. 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: 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 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
