Commercial Real Estate Market in Morristown, VT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
34 active listings and 212 off-market properties in Morristown, VT. Commercial property asks $4/SF to buy and $13.00/SF/Yr to lease.
Market Trends
Morristown, VT spans 65.3 square miles in Lamoille County, Vermont. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morristown, 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 Morristown, 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 Morristown, 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 Morristown, VT asks $121/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 97.4%
- Industrial 2%
- Mixed use 0.6%
- Civic 0%
Largest Zones share of zoned land by district
Rural Residential With Agriculture
Industrial 5
Low Density Residential 1
Industrial 2
Commercial 1
Morristown, VT zones 31,539 acres across 15 districts. The largest single district is Rural Residential With Agriculture at 95.7%. For commercial buyers the practical constraint is that only 2% of land carries a commercial or industrial designation.
Rural Residential With Agriculture (RRA)
Section 1110. Rural Residential/Agricultural (RRA). The purpose of this zone is to preserve an area for agriculture, forestry, and very low-density single-family homes. 1111. RRA #1 (Rural Morristown). All lands located outside the Zone Boundaries described above in Sections 1001 through 1105.
Market overview
Demographics & Economy
Morristown, VT has 5,881 residents in 3,276 households. Density runs 90 people per square mile. Median household income here is $65,057 and median gross rent $1,176 a month.
5,881
Population
3,276
Households
1.8
Avg Household Size
45
Median Age
40%
College-Educated
94%
High-School Grad
65.3 sq mi
ZIP Area
90
Density / Sq Mi
$65,057
Median Household Income
$40,781
Median Earnings
$1,176
Median Rent
$268,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Morrisville | — | — |
| Hyde Park | — | — |
| Elmore | — | — |
| East Elmore | — | — |
Commercial property in Morristown, VT asks $4/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morristown?
Commercial property in Morristown, VT asks an average of $4 per square foot. The 3 most recent recorded sales traded at a median of $252/SF. Multifamily carries the highest asking price at $121/SF.
How much does it cost to lease commercial space in Morristown?
Asking lease rates in Morristown, VT average $13.00 per square foot per year.
What zoning applies to commercial property in Morristown?
Morristown, VT zones 31,539 acres across 15 districts, of which 0% is commercial and 2% industrial. The largest single district is Rural Residential With Agriculture at 95.7% of zoned land. Section 1110. Rural Residential/Agricultural (RRA). The purpose of this zone is to preserve an area for agriculture, forestry, and very low-density single-family homes. 1111. RRA #1 (Rural Morristown). All lands located outside the Zone Boundaries described above in Sections 1001 through 1105. Residential zoning covers 97.4% and open space 0%.
Where does Realmo's Morristown market data come from?
Realmo compiles Morristown, VT figures from 8 recent recorded sales, 33 active sale listings, 1 active lease listings, 212 tracked off-market properties, the current Morristown 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 1 active for-lease listings in Morristown, 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: 31,539 zoned acres across 15 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
