Somerville, MA
Commercial Real Estate Market Trends & Data

$545 Avg asking sale price
$39 Avg asking lease rate
37,992 SF Avg unit lease size
18,451 SF Avg building size for sale
5.82% Average cap rate

Somerville's Demographic Profile

Somerville has 31,440 households and a median income of $112,378, 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 73,538
# Households 31,440
Median age 34
Median household income $112,378
Avg household size 2.0
Renter-occupied housing units 21,875
5-year population change -4%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Somerville $545 21,809 SF 6.50%
Charlestown $333 15,000 SF 6.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Somerville $578 4,146 SF
Cambridge $652 4,558 SF
Medford $518 13,016 SF
Charlestown $333 8,282 SF
Everett $477 15,467 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Somerville $613 24,821 SF 6.79%
Cambridge $719 10,074 SF 6.59%
Medford $471 40,973 SF 6.70%
Allston $765 22,095 SF 5.33%

Commercial Properties For Sale in Somerville

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

9-UNIT Building

Cambridge, MA 02139

  • 8,460 SF Multifamily
  • 5.53% Cap Rate
  • $4,395,000
For Sale

43-45 Cross Street

Somerville, MA 02145

  • 7,377 SF Multifamily
  • $2,250,000
For Sale

237 Highland Ave

Somerville, MA 02143

  • 5,095 SF Retail Building
  • 6.19% Cap Rate
  • $2,475,000
For Sale

141 Highland Ave

Somerville, MA 02143

  • 17,000 SF Office Building
  • $5,000,000
For Sale

704-706 Broadway

Somerville, MA 02144

  • 2,257 SF Retail Building
  • $2,150,000
For Sale

Rice & Rindge

Cambridge, MA

  • 4.16% Cap Rate
  • $10,500,000

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

Commercial Markets Avg Cost/SF Average Size
Somerville $545 18,451 SF
Cambridge $687 12,406 SF
Medford $398 24,433 SF
Charlestown $257 22,615 SF
East Cambridge $667 4,359 SF

Multifamily Properties For Sale in Somerville

For Sale

The Warwick

Somerville, MA 02145

  • 39,759 SF Multifamily
  • 5.01% Cap Rate
  • $16,950,000
For Sale

Loen

Somerville, MA 02143

  • 47,616 SF Multifamily
  • $1,049,000
For Sale

Thomas Graves Landing

Cambridge, MA 02141

  • 208,249 SF Multifamily
  • $3,350,000
For Sale

Trophy Mixed-Use Arlington - Somerville

  • Price Upon Request
For Sale

The Cambridge Tower

Cambridge, MA 02139

  • 108,014 SF Multifamily
  • Price Upon Request
For Sale

River Court

Cambridge, MA 02142

  • 274,224 SF Multifamily
  • $2,399,000
For Sale

884-888 Massachusetts Ave

Cambridge, MA 02139

  • 43,539 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Somerville 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 Somerville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Somerville 73,538 31,440 34 $112,378 2 21,875 -4%
Cambridge 116,237 49,566 34 $115,846 2 35,271 -1%
Medford 57,217 23,188 38 $112,736 2 11,383 -2%
Charlestown 17,108 7,880 38 $139,305 2 4,439 -6%
East Cambridge 14,228 7,518 35 $117,241 2 5,832 1%

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

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

Somerville 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 Somerville?

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

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

How does Somerville compare to nearby commercial real estate markets?

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

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