Commercial Real Estate Market in Wells, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
30 active listings and 385 off-market properties in Wells, ME. Commercial property asks $201/SF to buy and $22.26/SF/Yr to lease (based on 5 listings).
Market Trends
Wells, ME spans 57.7 square miles in York County, Maine. Figures below refresh monthly; last updated 31 October 2026.
Office
Across York County, office space asks $176/SF to buy. Office vacancy in Wells, ME runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across York County, retail space asks $327/SF to buy. Retail vacancy in Wells, ME runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Wells, 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%.
Multifamily
Across York County, multifamily space asks $305/SF to buy. Multifamily vacancy in Wells, ME runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.4%
- Commercial 18.1%
- Industrial 3.9%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Wells, ME zones 37,125 acres across 13 districts. Commercial zoning covers 18.1% of zoned land, residential 67.4% and industrial 3.9%. The largest single district is Rural at 67.4%. For commercial buyers the practical constraint is that only 22% of land carries a commercial or industrial designation.
Rural District. A. Purpose. The purpose of the Rural District is to maintain the open, rural character of the land within the district. Open uses of the land, such as forestry and agricultural uses, should be encouraged and large-scale residential uses discouraged. Residential development should be clustered so that significant areas of the development can b…
Market overview
Demographics & Economy
Wells, ME has 11,314 residents in 9,590 households. Density runs 196 people per square mile. Median household income here is $83,900 and median gross rent $1,313 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Wells?
How much does it cost to lease commercial space in Wells?
What zoning applies to commercial property in Wells?
Where does Realmo's Wells market data come from?
Methodology & data sources
- Asking prices and medians
- There are 24 active for-sale and 6 active for-lease listings in Wells, ME. The medians are based on 21 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 37,125 zoned acres across 13 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
