Lawrence, MA
Commercial Real Estate Market Trends & Data

$204 Avg asking sale price
$20 Avg asking lease rate
21,938 SF Avg unit lease size
13,560 SF Avg building size for sale
8.10% Average cap rate

Lawrence's Demographic Profile

Lawrence has 26,239 households and a median income of $49,576, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 80,035
# Households 26,239
Median age 35
Median household income $49,576
Avg household size 3.0
Renter-occupied housing units 18,658
5-year population change -4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lawrence, MA

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Lawrence $196 4,541 SF
Methuen $119 4,928 SF
North Andover $231 3,737 SF
Haverhill $221 8,560 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lawrence $132 30,759 SF 9.17%
Methuen $122 34,699 SF 7.02%
North Andover $132 42,560 SF 9.17%

Commercial Properties For Sale in Lawrence

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

223 Winthrop Ave

Lawrence, MA 01843

  • 12,266 SF Industrial Building
  • $1,300,000
For Sale

Unit 150 & 160

North Andover, MA 01845

  • 54,564 SF Office Building
  • $215,000
For Sale

159-167 S Union St

Lawrence, MA 01843

  • 15,000 SF Multifamily
  • 9.17% Cap Rate
  • $1,975,000
For Sale

Great Pond Crossing Condominiums

North Andover, MA 01845

  • 18,057 SF Retail Building
  • $875,000
For Sale

ICONO Tower

Lawrence, MA 01840

  • 105,313 SF Multifamily
  • $2,975,000
For Sale

Auto Body / Flex Industrial Property for Sale

Lawrence, MA 01843

  • 5,220 SF Industrial Building
  • $1,150,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lawrence pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lawrence $204 13,560 SF
Methuen $191 33,269 SF
Andover $290 27,563 SF
North Andover $230 24,201 SF
Haverhill $268 24,585 SF

Multifamily Properties For Sale in Lawrence

For Sale

ICONO Tower

Lawrence, MA 01840

  • 105,313 SF Multifamily
  • $2,975,000

Regional Demographic Comparison

This comparison places Lawrence alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lawrence or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lawrence 80,035 26,239 35 $49,576 3 18,658 -4%
Methuen 52,170 18,855 42 $91,911 3 5,536 -1%
Andover 38,170 13,462 42 $155,864 3 3,285 1%
North Andover 32,343 11,861 40 $123,378 3 3,415 1%
Haverhill 65,644 25,800 40 $77,396 3 10,510 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lawrence, MA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lawrence

View All Commercial Real Estate For Sale in Lawrence
Is Lawrence a good market for a first-time commercial real estate investor?

Lawrence offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lawrence?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lawrence. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lawrence?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lawrence. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lawrence compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lawrence. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lawrence acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lawrence, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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