Northborough, MA
Commercial Real Estate Market Trends & Data

$2,615 Avg asking sale price
$20 Avg asking lease rate
14,287 SF Avg unit lease size
16,957 SF Avg building size for sale
6.04% Average cap rate

Northborough's Demographic Profile

Northborough has 5,780 households and a median income of $155,884, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 15,977
# Households 5,780
Median age 43
Median household income $155,884
Avg household size 3.0
Renter-occupied housing units 1,226
5-year population change 0%

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

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Retail Markets Avg Cost/SF Typical Size
Northborough $488 25,666 SF
Berlin $333 42,735 SF
Marlborough $377 27,712 SF
Boylston $291 8,919 SF
Westborough $635 14,361 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Berlin $329 27,828 SF 6.25%
Worcester $182 41,480 SF 11.92%
Ashland $564 19,866 SF 6.24%
Framingham $400 19,866 SF 6.24%

Commercial Properties For Sale in Northborough

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

37 Pierce St

Northborough, MA 01532

  • 5,400 SF Office Building
  • $825,000
For Sale

303 Turnpike Rd

Westborough, MA 01581

  • 9,581 SF Retail Building
  • 6.04% Cap Rate
  • $6,950,000
For Sale

The Learning Experience

Marlborough, MA 01752

  • 10,000 SF Retail Building
  • $4,850,000
For Sale

360 SW Cutoff

Northborough, MA 01532

  • 5,416 SF Industrial Building
  • $2,950,000
For Sale

79 W Main St

Northborough, MA 01532

  • 8,335 SF Retail Building
  • $1,650,000
For Sale

Westmeadow Professional Center

Westborough, MA 01581

  • 12,000 SF Office Building
  • $6,500,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Northborough $2,615 16,957 SF
Berlin $181 90,098 SF
Marlborough $213 39,399 SF
Boylston $261 8,539 SF
Westborough $2,381 77,351 SF

Regional Demographic Comparison

This comparison places Northborough 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 Northborough or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Berlin 3,805 1,519 48 $108,282 3 274 4%
Marlborough 41,497 16,687 41 $90,457 2 7,784 -1%
Boylston 5,226 2,021 46 $132,927 3 300 1%
Westborough 22,345 8,296 41 $122,576 3 3,320 1%

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

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

Northborough 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 Northborough?

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

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

How does Northborough compare to nearby commercial real estate markets?

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

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

Nearby Cities
Commercial Market Reports