Worcester, MA
Commercial Real Estate Market Trends & Data

$210 Avg asking sale price
$131 Avg asking lease rate
32,425 SF Avg unit lease size
45,833 SF Avg building size for sale
7.90% Average cap rate

Worcester's Demographic Profile

Worcester has 75,137 households and a median income of $59,247, 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 191,144
# Households 75,137
Median age 37
Median household income $59,247
Avg household size 2.0
Renter-occupied housing units 44,789
5-year population change -2%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Worcester $256 35,459 SF
Shrewsbury $468 10,570 SF
Auburn $126 19,438 SF
Millbury $126 19,438 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Worcester $182 41,480 SF 11.92%
Auburn $160 9,696 SF 8.34%
Clinton $234 27,828 SF 6.25%
Berlin $234 27,828 SF 6.25%

Commercial Properties For Sale in Worcester

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

Vacant

North Grafton, MA 01536

  • 2,069 SF Retail Building
  • $672,425
For Sale

2 Ureco Ter

Worcester, MA 01602

  • 26,650 SF Multifamily
  • 4.95% Cap Rate
  • $4,850,000
For Sale

239 Boston Tpke

Shrewsbury, MA 01545

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

4 Lancaster Ter

Worcester, MA 01609

  • 3,234 SF Office Building
  • $599,000
For Sale

51 Harding St

Worcester, MA 01604

  • 3,534 SF Industrial Building
  • $479,000
For Sale

0-5 Clark Street

Rochdale, MA 01542

  • 13.47 AC Lot
  • 1 Commercial Lot
  • $750,000

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

Commercial Markets Avg Cost/SF Average Size
Worcester $210 45,833 SF
Cherry Valley $116 31,140 SF
Shrewsbury $358 72,646 SF
Leicester $140 28,558 SF
Auburn $134 12,687 SF

Multifamily Properties For Sale in Worcester

For Sale

43 Orient

Worcester, MA 01604

  • 3,408 SF Multifamily
  • 9.62% Cap Rate
  • $899,900
For Sale

22 Waverly St

Worcester, MA 01604

  • 27,024 SF Multifamily
  • $12,000,000
For Sale

605 Millbury St

Worcester, MA 01607

  • 11,544 SF Multifamily
  • 8.34% Cap Rate
  • $2,300,000
For Sale

SilverBrick SkyHouse

Worcester, MA 01608

  • 381,368 SF Multifamily
  • $25,000,000
For Sale

8-12 Oread St

Worcester, MA 01608

  • 25,606 SF Multifamily
  • 11.92% Cap Rate
  • $2,100,000

Regional Demographic Comparison

This comparison places Worcester 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 Worcester or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Worcester 191,144 75,137 37 $59,247 2 44,789 -2%
Cherry Valley 2,258 864 44 $103,683 3 201 -1%
Shrewsbury 41,337 15,609 42 $121,397 3 4,746 2%
Leicester 10,840 4,089 44 $93,066 3 861 -1%

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

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

Worcester 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 Worcester?

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

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

How does Worcester compare to nearby commercial real estate markets?

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

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