Commercial Real Estate Market in Orono, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 155 off-market properties in Orono, ME.
Market Trends
Orono, ME spans 18.2 square miles in Penobscot County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Orono, 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 Orono, 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 Orono, 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 Orono, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 52.1%
- Residential 32%
- Civic 5.7%
- Commercial 5.3%
- Industrial 0.7%
Largest Zones share of zoned land by district
Forest And Agriculture
Medium Density Residential
Low Density Residential
University
Economic Development Zone
Forest And Agriculture (F-A)
To primarily prevent premature development of land where there are basically no public water and sewer utilities, and where the extension of such facilities is not feasible, to retain certain areas for non intensive uses, to prevent development where it would be a burden on the Town
Market overview
Demographics & Economy
Orono, ME has 11,183 residents in 3,775 households. Density runs 615 people per square mile. Median household income here is $58,893 and median gross rent $1,146 a month.
11,183
Population
3,775
Households
3
Avg Household Size
25
Median Age
71%
College-Educated
99%
High-School Grad
18.2 sq mi
ZIP Area
615
Density / Sq Mi
$58,893
Median Household Income
$20,892
Median Earnings
$1,146
Median Rent
$217,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Old Town | — | — |
| Veazie | — | — |
| Eddington | — | — |
| Bradley | — | — |
Commercial property in Orono, ME asks $34/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Orono?
Commercial property in Orono, ME asks an average of $34 per square foot. The 4 most recent recorded sales traded at a median of $89/SF. Multifamily carries the highest asking price at $174/SF.
Where does Realmo's Orono market data come from?
Realmo compiles Orono, ME figures from 6 recent recorded sales, 19 active sale listings, 155 tracked off-market properties, the current Orono zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 0 active for-lease listings in Orono, 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: 12,108 zoned acres across 12 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 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
