Shrewsbury, MA
Commercial Real Estate Market Trends & Data

$505 Avg asking sale price
$929 Avg asking lease rate
57,450 SF Avg unit lease size
72,646 SF Avg building size for sale
6.04% Average cap rate

Shrewsbury's Demographic Profile

Shrewsbury has 15,609 households and a median income of $121,397, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 41,337
# Households 15,609
Median age 42
Median household income $121,397
Avg household size 3.0
Renter-occupied housing units 4,746
5-year population change +2%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Shrewsbury $468 10,570 SF
Boylston $291 8,919 SF
Worcester $256 35,459 SF
Northborough $488 25,666 SF
Westborough $635 14,361 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Worcester $182 41,480 SF 11.92%
Berlin $329 27,828 SF 6.25%
Clinton $234 27,828 SF 6.25%
Auburn $160 9,696 SF 8.34%

Commercial Properties For Sale in Shrewsbury

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

239 Boston Tpke

Shrewsbury, MA 01545

  • 11,901 SF Retail Building
  • $3,250,000
For Sale

303 Turnpike Rd

Westborough, MA 01581

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

Bldg 1

Shrewsbury, MA 01545

  • 5,650 SF Retail Building
  • $3,200,000
For Sale

360 SW Cutoff

Northborough, MA 01532

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

0 & 5 TRINITY AVENUE

Worcester, MA 01605

  • 1.01 AC Lot
  • 1 Commercial Lot
  • $159,000
For Sale

701 & 713 Boston Turnpike

Shrewsbury, MA 01545

  • 25 AC Lot
  • 1 Commercial Lot
  • $9,995,000

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

Commercial Markets Avg Cost/SF Average Size
Shrewsbury $505 72,646 SF
North Grafton $308 168,817 SF
Boylston $261 8,539 SF
Worcester $210 45,833 SF
Northborough $2,615 16,957 SF

Regional Demographic Comparison

This comparison places Shrewsbury 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 Shrewsbury or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Shrewsbury 41,337 15,609 42 $121,397 3 4,746 2%
North Grafton 7,808 2,980 42 $109,523 3 585 1%
Boylston 5,226 2,021 46 $132,927 3 300 1%
Worcester 191,144 75,137 37 $59,247 2 44,789 -2%

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

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

Shrewsbury 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 Shrewsbury?

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

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

How does Shrewsbury compare to nearby commercial real estate markets?

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

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