Commercial Real Estate Market in Oakland, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 213 off-market properties in Oakland, ME. Commercial property asks $63/SF to buy and $8.50/SF/Yr to lease.
Market Trends
Oakland, ME spans 51.1 square miles in Kennebec County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Oakland, ME asks $95/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 Oakland, ME asks $127/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 Oakland, 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 Oakland, ME asks $118/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
Oakland, ME has 7,358 residents in 4,279 households. Density runs 144 people per square mile. Median household income here is $73,611 and median gross rent $885 a month.
7,358
Population
4,279
Households
1.7
Avg Household Size
45
Median Age
24%
College-Educated
95%
High-School Grad
51.1 sq mi
ZIP Area
144
Density / Sq Mi
$73,611
Median Household Income
$49,913
Median Earnings
$885
Median Rent
$228,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rome | — | — |
| Sidney | — | — |
| Vassalboro | — | — |
| Belgrade | — | — |
Commercial property in Oakland, ME asks $63/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oakland?
Commercial property in Oakland, ME asks an average of $63 per square foot. Retail carries the highest asking price at $127/SF.
How much does it cost to lease commercial space in Oakland?
Asking lease rates in Oakland, ME average $8.50 per square foot per year.
Where does Realmo's Oakland market data come from?
Realmo compiles Oakland, ME figures from 5 recent recorded sales, 22 active sale listings, 2 active lease listings, 213 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 22 active for-sale and 2 active for-lease listings in Oakland, 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
