Commercial Real Estate Market in Phillips, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 4 off-market properties in Phillips, ME.
Market Trends
Phillips, ME spans 237.8 square miles in Franklin County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Phillips, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in Phillips, ME asks $108/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 Phillips, 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 vacancy in Phillips, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 1.8%
- Residential 1%
Largest Zones share of zoned land by district
No Zoning
Resource Protection
Stream And Wetland Protection
General Development
Regulated Wetlands
Resource Protection (RP)
The Resource Protection District includes areas in which development would adversely affect water quality, productive habitat, biological ecosystems, or atual values, Thie district shall include the following areas when they occur within scenic and natural values, This district shall include the following areas when they occur within the limits ofthe shorela…
Market overview
Demographics & Economy
Phillips, ME has 1,527 residents in 1,205 households. Density runs 6 people per square mile. Median household income here is $45,917 and median gross rent $430 a month.
1,527
Population
1,205
Households
1.3
Avg Household Size
51
Median Age
21%
College-Educated
90%
High-School Grad
237.8 sq mi
ZIP Area
6
Density / Sq Mi
$45,917
Median Household Income
$32,500
Median Earnings
$430
Median Rent
$156,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Salem Township | — | — |
| Freeman Township | — | — |
| Avon | — | — |
| Strong | — | — |
Commercial property in Phillips, ME asks $838/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Phillips?
Commercial property in Phillips, ME asks an average of $838 per square foot. Retail carries the highest asking price at $108/SF.
Where does Realmo's Phillips market data come from?
Realmo compiles Phillips, ME figures from 10 active sale listings, 4 tracked off-market properties, the current Phillips zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Phillips, 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: 32,551 zoned acres across 6 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
