New Bedford, MA
Commercial Real Estate Market Trends & Data

$161 Avg asking sale price
$4,766 Avg asking lease rate
23,698 SF Avg unit lease size
21,269 SF Avg building size for sale
7.90% Average cap rate

New Bedford's Demographic Profile

New Bedford has 38,516 households and a median income of $50,412, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 93,005
# Households 38,516
Median age 39
Median household income $50,412
Avg household size 2.0
Renter-occupied housing units 23,086
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near New Bedford, MA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
New Bedford $188 12,341 SF 7.17%
Fairhaven $74 22,728 SF 7.17%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
New Bedford $129 46,940 SF 8.73%
Acushnet $63 63,272 SF 8.73%
Dartmouth $88 73,285 SF 7.45%
Nearby Retail Markets Avg Cost/SF Typical Size
New Bedford $182 5,363 SF
Acushnet $148 4,678 SF
Fairhaven $164 6,437 SF
North Dartmouth $474 4,211 SF
Dartmouth $335 4,688 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
New Bedford $246 17,615 SF 8.25%
Dartmouth $246 17,615 SF 8.25%
Fall River $246 6,041 SF 8.07%

Commercial Properties For Sale in New Bedford

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

6-Acre Waterfront Development Opportunity

New Bedford, MA 02744

  • 206,994 SF Industrial Building
  • $12,000,000
For Sale

1 Welby Rd

New Bedford, MA 02745

  • 24,000 SF Office Building
  • $1,350,000
For Sale

Unit 550 N. Dartmouth

North Dartmouth, MA 02747

  • 7,711 SF Office Building
  • $178,200
For Sale

489 Ashley Blvd

New Bedford, MA 02745

  • 3,396 SF Retail Building
  • $475,000
For Sale

145 Bridge St

Fairhaven, MA 02719

  • 4,294 SF Retail Building
  • $2,000,000
For Sale

87 Tremont st

New Bedford, MA 02740

  • 8,061 SF Industrial Building
  • 7.45% Cap Rate
  • $660,000

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 New Bedford pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
New Bedford $161 21,269 SF
Acushnet $119 18,995 SF
Fairhaven $194 21,639 SF
North Dartmouth $320 3,893 SF
Dartmouth $207 20,659 SF

Regional Demographic Comparison

This comparison places New Bedford 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 New Bedford or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
New Bedford 93,005 38,516 39 $50,412 2 23,086 -3%
Acushnet 10,403 4,067 46 $84,039 3 651 -1%
Fairhaven 16,727 7,242 49 $84,495 2 1,992 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in New Bedford, 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 New Bedford

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

New Bedford 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 New Bedford?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in New Bedford. 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 New Bedford?

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

How does New Bedford compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to New Bedford. 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 New Bedford acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in New Bedford, 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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