Commercial Real Estate Market in Richmond, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 59 off-market properties in Richmond, ME.
Market Trends
Richmond, ME spans 30.4 square miles in Sagadahoc County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Richmond, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Richmond, ME runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Richmond, 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 Richmond, 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
- Agricultural 74.3%
- Commercial 24.4%
- Industrial 1.3%
Largest Zones share of zoned land by district
Agriculture
Residential
Resource Protection
Highway Commercial
Limited Residential
Agriculture (A)
To enhance farming, forestry and agricultural uses, while protecting open space and the public health and safety, environmental quality and economic well-being of the Municipality by imposing minimum controls on those uses which, by virtue of their external effects (waste discharge, noise, glare, fumes, smoke, dust, odors, or auto, truck, or rail traffic) co…
Market overview
Demographics & Economy
Richmond, ME has 3,522 residents in 1,697 households. Density runs 116 people per square mile. Median household income here is $66,667 and median gross rent $1,058 a month.
3,522
Population
1,697
Households
2.1
Avg Household Size
44
Median Age
29%
College-Educated
95%
High-School Grad
30.4 sq mi
ZIP Area
116
Density / Sq Mi
$66,667
Median Household Income
$46,425
Median Earnings
$1,058
Median Rent
$246,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dresden | — | — |
| Bowdoinham | — | — |
| Litchfield | — | — |
| Pittston | — | — |
Commercial property in Richmond, ME asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Richmond?
Commercial property in Richmond, ME asks an average of $11 per square foot.
Where does Realmo's Richmond market data come from?
Realmo compiles Richmond, ME figures from 8 active sale listings, 1 active lease listings, 59 tracked off-market properties, the current Richmond zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 1 active for-lease listings in Richmond, 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: 20,182 zoned acres across 7 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
