Commercial Real Estate in Worcester | Reonomy

Commercial Real Estate in Worcester

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Reonomy attracts a large community of Worcester commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Worcester commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Massachusetts Worcester
Average price/sqft -- -- --
Average sold price $773,048 $1,301,913 $501,261
Median sold price $91,625 $375,079 $345,000
Number of sales 4,856,348 46,588 2,151
Number of sales over $250k 1,579,008 29,435 1,553
Number of sales over $1m 400,405 7,329 106
Number of sales over $10m 58,779 768 11
Average total tax amount $4,975 $12,398 $7,486
Average assessed value $232,001 $830,621 $368,056
Average market value $316,247 $830,662 $368,056

Worcester commercial real estate property averages

Property averages United States Massachusetts Worcester
Average lot size 890,104 sf 107,118 sf 17,351 sf
Median lot size 28,529 sf 8,587 sf 6,098 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1971 1916 1916
Average number of units 17 4 4
Median number of units 2 2 3

Worcester commercial real estate total supply

Supply United States Massachusetts Worcester
Number of parcels 142,696,132 738,280 19,326
Aggregate lot acerage 786,861,826 1,113,116 5,937
Aggregate building area -- -- --
Aggregate units 93,801,487 1,254,642 50,863

Worcester commercial real estate industrial mortgages

Debt United States Massachusetts Worcester
Number of mortgages 40,398,891 1,480,281 67,672
Average value of mortgages $6,478,678 $1,154,034 $607,646

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