Commercial Real Estate Market in Windham, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
35 active listings and 522 off-market properties in Windham, ME.
Market Trends
Windham, ME spans 46.7 square miles in Cumberland County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Windham, ME asks $235/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 Windham, ME asks $252/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 Windham, 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 Windham, ME asks $266/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
- Residential 75.4%
- Commercial 11.9%
- Industrial 4.5%
- Civic 2.9%
Largest Zones share of zoned land by district
Farm
Farm Residential
Medium Density Residential
Village Residential
Limited Residential
Windham, ME zones 29,768 acres across 18 districts. Commercial zoning covers 11.9% of zoned land, residential 75.4% and industrial 4.5%. The largest single district is Farm at 52.5%. For commercial buyers the practical constraint is that only 16.4% of land carries a commercial or industrial designation.
Farm (F)
Farm District (F). MapLink An interactive map for this zoning district can be found here . 2026-05-07 A. Intent. The Farm District is intended primarily for rural and residential land uses. Development is restricted in order to protect farmlands, woodlands, open space, wildlife habitat and scenic areas. B. Permitted uses. The following uses, as they are defi…
Market overview
Demographics & Economy
Windham, ME has 18,464 residents in 8,695 households. Density runs 396 people per square mile. Median household income here is $98,946 and median gross rent $1,189 a month.
18,464
Population
8,695
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
98%
High-School Grad
46.7 sq mi
ZIP Area
396
Density / Sq Mi
$98,946
Median Household Income
$57,505
Median Earnings
$1,189
Median Rent
$370,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gorham | — | — |
| Westbrook | — | $16.48 |
| Standish | — | — |
| Frye Island | — | — |
Commercial property in Windham, ME asks $86/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Windham?
Commercial property in Windham, ME asks an average of $86 per square foot. The 7 most recent recorded sales traded at a median of $297/SF. Multifamily carries the highest asking price at $266/SF.
What zoning applies to commercial property in Windham?
Windham, ME zones 29,768 acres across 18 districts, of which 11.9% is commercial and 4.5% industrial. The largest single district is Farm at 52.5% of zoned land. Farm District (F). MapLink An interactive map for this zoning district can be found here . 2026-05-07 A. Intent. The Farm District is intended primarily for rural and residential land uses. Development is restricted in order to protect farmlands, woodlands, open space, wildlife habitat and scenic areas. B. Permitted uses. The following uses, as they are defi… Residential zoning covers 75.4% and open space 0%.
Where does Realmo's Windham market data come from?
Realmo compiles Windham, ME figures from 7 recent recorded sales, 33 active sale listings, 2 active lease listings, 522 tracked off-market properties, the current Windham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 2 active for-lease listings in Windham, 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: 29,768 zoned acres across 18 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
