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Commercial Property for Sale & Lease in Central Massachusetts

Every listing we represent across Worcester County and Central Massachusetts, from single storefronts to multi-building industrial holdings.

Looking in the city? Worcester, MA commercial real estate: listings, rents, tax rates, and the market data.

Status

8 listings

For Sale21-35 Pearl St Industrial property in Webster
20 photos

$2,500,00057,414 SF · $43.54 / SF

21-35 Pearl St

Webster · Industrial

For Sale1155 Victory Hwy Industrial property in Burrillville
23 photos

$1,800,00010,000 SF · $180.00 / SF

1155 Victory Hwy

Burrillville · Industrial

For Sale or Lease21-69 S Main St Flex property in Leicester
45 photos

$2,700,00074,745 SF

21-69 S Main St

Leicester · Flex

For Sale606 Southbridge St Retail property in Auburn
20 photos

$1,000,0002,000 SF

606 Southbridge St

Auburn · Retail

For Lease440 Mt Pleasant St Retail property in New Bedford
23 photos

$18.00/SF±4,561 SF

440 Mt Pleasant St

New Bedford · Retail

For Lease22 Front St Retail property in Worcester
44 photos

Negotiable7,000 SF

22 Front St

Worcester · Retail

For Lease1094 Pleasant St Retail property in Worcester
11 photos

$25.00/SF800 - 1,000 SF

1094 Pleasant St

Worcester · Retail

For Lease253-255 Main St Office property in Webster
28 photos

Negotiable19,370 SF

253-255 Main St

Webster · Office

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Commercial Property for Sale & Lease: the market

Why investors and tenants look at Central Massachusetts

Commercial property here trades at roughly $80 to $200 per square foot against $300 to $600 and up in Greater Boston, and cap rates run about 6.4% on multifamily and 7.6% on industrial, 7.5% on retail against Boston 4 to 6. $1.18 billion in investment sales traded across the market in the trailing year. That is the entire pitch, and it holds up because the underlying economy is diversified rather than dependent on one sector. Healthcare, education, biotechnology, and manufacturing all anchor real tenant demand, which is what makes the yield durable instead of merely high.

How the property types are behaving

Retail is the tightest at 3.3% vacancy, the lowest CoStar has recorded here, with almost nothing under construction. Industrial is 9.3% overall after a record supply wave, but that is big-box speculative space; small-bay buildings under 20,000 square feet sit at 3.9%, and rents run 30 to 50 percent below Boston. Multifamily posted $379.5 million in sales over the trailing year, down 23% from the $493 million year to July that ran 66% above the five-year average, at cap rates averaging 6.4%, with vacancy at 6.2% while a wave of new units leases up. Office is 9.4% vacant, softest at the top of the market, which makes it the best of the four if you are the tenant.

The submarkets we cover

Worcester is the centre of it, but the surrounding towns often price better for the same building. Auburn and Millbury pick up I-90 and Route 20. Spencer and Leicester offer lower entry prices with the same Route 9 access. Webster and Oxford sit on Route 395, Southbridge anchors the southern end, and Burrillville extends the coverage into northern Rhode Island. Each has its own tax rate, zoning bylaw, and permitting temperament, and those differences show up in what a deal actually costs.

If you do not see what you need

A meaningful share of what trades here never reaches a listing sheet. If nothing on this page fits, tell us the parameters and we will work the off-market side. If you own something and want to know what it is worth before deciding anything, a broker opinion of value costs you nothing and commits you to nothing.

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Each market page carries the vacancy, rents, tax rates, corridors, and current listings for that town. Start there if you are focused on one place.