Commercial Real Estate Market in New Gloucester, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 79 off-market properties in New Gloucester, ME. Commercial property asks $199/SF to buy and $16.00/SF/Yr to lease.
Market Trends
New Gloucester, ME spans 47.1 square miles in Cumberland County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in New Gloucester, 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 New Gloucester, 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 New Gloucester, 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 New Gloucester, 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
Market overview
Demographics & Economy
New Gloucester, ME has 5,676 residents in 2,274 households. Density runs 120 people per square mile. Median household income here is $107,781 and median gross rent $1,270 a month.
5,676
Population
2,274
Households
2.5
Avg Household Size
43
Median Age
33%
College-Educated
96%
High-School Grad
47.1 sq mi
ZIP Area
120
Density / Sq Mi
$107,781
Median Household Income
$49,507
Median Earnings
$1,270
Median Rent
$316,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pownal | — | — |
| Gray | — | — |
| Poland | — | — |
| Durham | — | — |
Commercial property in New Gloucester, ME asks $199/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Gloucester?
Commercial property in New Gloucester, ME asks an average of $199 per square foot. Multifamily carries the highest asking price at $266/SF.
How much does it cost to lease commercial space in New Gloucester?
Asking lease rates in New Gloucester, ME average $16.00 per square foot per year.
Where does Realmo's New Gloucester market data come from?
Realmo compiles New Gloucester, ME figures from 6 recent recorded sales, 5 active sale listings, 2 active lease listings, 79 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 2 active for-lease listings in New Gloucester, 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
