Peabody, MA
Commercial Real Estate Market Trends & Data

$305 Avg asking sale price
$21 Avg asking lease rate
13,848 SF Avg unit lease size
14,006 SF Avg building size for sale
6.14% Average cap rate

Peabody's Demographic Profile

Peabody has 22,192 households and a median income of $85,820, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 54,262
# Households 22,192
Median age 46
Median household income $85,820
Avg household size 2.0
Renter-occupied housing units 7,887
5-year population change -1%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Peabody $330 13,721 SF
Lynnfield $324 3,684 SF
Danvers $363 18,023 SF
Lynn $299 7,960 SF
Saugus $527 24,016 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Peabody $400 4,420 SF 6.22%
Lynn $262 76,418 SF 6.49%
Salem $400 4,926 SF 6.22%

Commercial Properties For Sale in Peabody

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

98 Main St

Peabody, MA 01960

  • 7,728 SF Retail Building
  • $1,799,000
For Sale

39 Needham Rd

Danvers, MA 01923

  • 3,704 SF Multifamily
  • $1,200,000
For Sale

185 Centre St

Danvers, MA 01923

  • 19,200 SF Office Building
  • $4,850,000
For Sale

401 Essex St

Salem, MA 01970

  • 4,345 SF Multifamily
  • 6.06% Cap Rate
  • $2,310,000
For Sale

395 Essex St Salem MA

Salem, MA 01970

  • 5,212 SF Multifamily
  • 6.22% Cap Rate
  • $1,795,000
For Sale

922 Lynnfield St

Lynnfield, MA 01940

  • 0.63 AC Lot
  • 1 Commercial Lot
  • $1,999,000

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

Commercial Markets Avg Cost/SF Average Size
Peabody $305 14,006 SF
Lynnfield $355 5,256 SF
Danvers $298 11,318 SF
Lynn $275 40,840 SF
Saugus $455 26,555 SF

Regional Demographic Comparison

This comparison places Peabody 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 Peabody or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Peabody 54,262 22,192 46 $85,820 2 7,887 -1%
Lynnfield 13,738 4,855 44 $143,858 3 710 1%
Lynn 95,569 33,445 37 $63,576 3 18,253 -2%

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

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

Peabody 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 Peabody?

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

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

How does Peabody compare to nearby commercial real estate markets?

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

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