Commercial Real Estate Market in Lee, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 4 off-market properties in Lee, ME.
Market Trends
Lee, ME spans 82.7 square miles in Penobscot County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lee, ME asks $133/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 Lee, ME asks $76/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 Lee, 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 Lee, ME asks $174/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
Market overview
Demographics & Economy
Lee, ME has 916 residents in 568 households. Density runs 11 people per square mile. Median household income here is $49,219 and median gross rent $563 a month.
916
Population
568
Households
1.6
Avg Household Size
48
Median Age
10%
College-Educated
91%
High-School Grad
82.7 sq mi
ZIP Area
11
Density / Sq Mi
$49,219
Median Household Income
$41,429
Median Earnings
$563
Median Rent
$152,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Springfield | — | — |
| Winn | — | — |
| Mattamiscontis Township | — | — |
| Burlington | — | — |
Commercial property in Lee, ME asks $3,614/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lee?
Commercial property in Lee, ME asks an average of $3,614 per square foot. Multifamily carries the highest asking price at $174/SF.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 0 active for-lease listings in Lee, 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.
- 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
