Commercial Real Estate Market in Montpelier, VT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 273 off-market properties in Montpelier, VT.
Market Trends
Montpelier, VT spans 87.8 square miles in Washington County, Vermont. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Montpelier, VT runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Montpelier, VT 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 Montpelier, VT 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 Montpelier, VT asks $131/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 79.8%
- Civic 6.5%
- Mixed use 5.6%
- Commercial 2.1%
- Special 1.7%
Largest Zones share of zoned land by district
Rural
Residential 9000
Western Gateway
Municipal
Residential 6000
Montpelier, VT zones 6,617 acres across 14 districts. Commercial zoning covers 2.1% of zoned land, residential 79.8%. The largest single district is Rural at 43.6%. For commercial buyers the practical constraint is that only 2.1% of land carries a commercial or industrial designation.
Rural (RL)
Section 2113. Rural (RL) District & Neighborhoods 2113.A Purpose. The Rural District is composed mainly of large landholdings used for rural residential, agricultural, forestry, recreation, open space, conservation and other natural resource-based purposes. Generally, land in this district is not served by city water or sewer or by roads capable of accommoda…
Market overview
Demographics & Economy
Montpelier, VT has 12,235 residents in 5,961 households. Density runs 139 people per square mile. Median household income here is $81,552 and median gross rent $1,184 a month.
12,235
Population
5,961
Households
2.1
Avg Household Size
46
Median Age
61%
College-Educated
97%
High-School Grad
87.8 sq mi
ZIP Area
139
Density / Sq Mi
$81,552
Median Household Income
$51,127
Median Earnings
$1,184
Median Rent
$341,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Berlin | — | — |
| East Montpelier | — | — |
| Middlesex | — | — |
| Orange | — | — |
Commercial property in Montpelier, VT asks $48/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Montpelier?
Commercial property in Montpelier, VT asks an average of $48 per square foot. The 8 most recent recorded sales traded at a median of $142/SF. Multifamily carries the highest asking price at $131/SF.
What zoning applies to commercial property in Montpelier?
Montpelier, VT zones 6,617 acres across 14 districts, of which 2.1% is commercial and 0% industrial. The largest single district is Rural at 43.6% of zoned land. Section 2113. Rural (RL) District & Neighborhoods 2113.A Purpose. The Rural District is composed mainly of large landholdings used for rural residential, agricultural, forestry, recreation, open space, conservation and other natural resource-based purposes. Generally, land in this district is not served by city water or sewer or by roads capable of accommoda… Residential zoning covers 79.8% and open space 0%.
Where does Realmo's Montpelier market data come from?
Realmo compiles Montpelier, VT figures from 8 recent recorded sales, 16 active sale listings, 5 active lease listings, 273 tracked off-market properties, the current Montpelier zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 5 active for-lease listings in Montpelier, VT. 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: 6,617 zoned acres across 14 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
