Worcester, MA Commercial Real Estate for Lease and Sale

Explore 116 listings of Worcester commercial real estate to find the best space for your business.

340 Tacoma Street

340 Tacoma St, Great Brook Valley, Worcester, MA
Property

VacantLand

1.75 Acre
Availability

1 Space

1.75 Acre
For Lease Contact for pricing
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393 Chandler St

393 Chandler St, Beaver Brook, Worcester, MA
Property

Retail

15,418 SF
Availability

1 Space

3,000 SF
Year Built

1955
For Lease

$17.00/SF/YR
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72 Pleasant St.

72 Pleasant St., Downtown Worcester, Worcester, MA
Property

VacantLand
For Sale

$600,000
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120 THOMAS STRET

120 THOMAS STRET, Downtown Worcester, Worcester, MA
Property

Office

32,000 SF
Availability

6 Spaces

21,114 SF
For Lease

$29.00/SF/YR
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222-228 Park Avenue

222-228 Park Avenue, Salisbury Street Area, Worcester, MA
Property

Multi-Family

10,931 SF
For Sale

$1,850,000
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340 Shrewsbury St

340 Shrewsbury St, Shrewsbury Street, Worcester, MA
Property

Retail

3,648 SF
Year Built

1920
For Sale

$1,100,000
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1125 Main Street

1125 Main Street, University Park, Worcester, MA
Property

Retail

5,238 SF
Availability

1 Space

5,200 SF
For Lease Contact for pricing
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120 Stafford St

120 Stafford St, Webster Square, Worcester, MA
Property

Retail

47,144 SF
Availability

1 Space

2,000 SF
Year Built

1988
For Lease

$17.95/SF/YR
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140 Goddard Memorial Dr

140 Goddard Memorial Dr, Cinder Mill, Worcester, MA
Property

Other

5.3 Acre
Availability

1 Space

5.3 Acre
For Lease Contact for pricing
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170 Goddard Memorial Drive

170 Goddard Memorial Drive, Cinder Mill, Worcester, MA
Property

Office

10,000 SF
Availability

1 Space

10,000 SF
For Lease Contact for pricing
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49 James Street

49 James St, Hadwen Park, Worcester, MA
Property

Retail

6,000 SF
Availability

1 Space

6,000 SF
Year Built

2020
For Lease Contact for pricing
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950 Main St

950 Main St, University Park, Wartburg, TN
Property

Office

8,050 SF
For Sale

$960,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Worcester commercial real estate market incorporates 2,496,604 square feet of office space across 38 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Worcester commercial real estate market includes 1,693,134 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Worcester market, there is a total of 928,747 square feet of industrial property.
The listing inventory in Worcester incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Worcester is represented by Industrial space, which accounts for 934,372 square feet of available listings. Office space available in Worcester adds up to 772,299 square feet.

Meanwhile, most of the listings of commercial property for sale in Worcester are in the Retail category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Worcester is $19.35 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Worcester can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Worcester, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Worcester is in the Downtown Worcester neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Worcester area.

Meanwhile, retail space opportunities are most abundant in the South Worcester submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Biotech Park Area.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $25 per square foot. In particular, the property type commanding the highest lease rates in Worcester was Office space.
The average size of a commercial property in Worcester depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Worcester, the average size of an office property is 73,430 square feet.
- Retail properties here incorporate an average of 54,618 square feet.
- Industrial space in Worcester is in buildings that are, on average 48,882 square feet in size.

Worcester, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Worcester currently add up to 3,965,765 square feet. The market offers 31 active office listing(s), which amount to 773,858 square feet and account for 39% of commercial spaces on the market. Local retail availability includes 193,997 square feet across 25 retail space(s). Industrial space for rent opportunities in Worcester amount to 973,008 square feet across a total of 16 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	31	773,858
Retail	25	193,997
Industrial	16	973,008
Other	6	2,024,902

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Worcester, MA. Currently, there is 630,438 square feet of commercial property for sale here , which includes 9 office building(s) for sale , 8 retail investment opportunity listing(s) , and 5 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	9	247,954
Retail	8	53,609
Industrial	5	292,331
Other	9	36,544

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Worcester, MA Commercial Real Estate for Lease and Sale

340 Tacoma Street

393 Chandler St

72 Pleasant St.

120 THOMAS STRET

222-228 Park Avenue

340 Shrewsbury St

1125 Main Street

120 Stafford St

140 Goddard Memorial Dr

170 Goddard Memorial Drive

49 James Street

950 Main St

Frequently Asked Questions

Worcester, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Worcester, MA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Worcester, MA?

What factors affect the price of commercial real estate in Worcester, MA?

What is the average rent for commercial space in Worcester, MA?

What are the best areas for commercial real estate in Worcester, MA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Worcester, MA?

Worcester, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Popular Retail Searches

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