In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.
Total Office Space in Massachusetts: 384,327,740 Sq. Ft.
In Massachusetts, the largest share of office space is in office properties sized 100k to 500k square feet. In terms of quality rating, you’ll find that 132,701,654 square feet of office space in Massachusetts is rated Class A. Office space rated Class B amount to 161,809,410 square feet.
Massachusetts Office Market Breakdown by Building Size
Building Size Range |
Total Square Feet |
Share of Total Office |
50k to 100k Sq. Ft. |
53,592,044 Sq. Ft. |
13.94% |
100k to 500k Sq. Ft. |
207,378,528 Sq. Ft. |
53.96% |
500k to 1M Sq. Ft. |
65,136,733 Sq. Ft. |
16.95% |
> 1M Sq. Ft. |
27,769,303 Sq. Ft. |
7.23% |
Massachusetts Office Market Breakdown by Building Quality Rating
Class |
Total Square Feet |
Share of Total Office |
Class A+ |
22,231,437 Sq. Ft. |
5.78% |
Class A |
132,701,654 Sq. Ft. |
34.53% |
Class B |
161,809,410 Sq. Ft. |
42.1% |
Class C |
17,763,435 Sq. Ft. |
4.62% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in Massachusetts: 397,384,194 Sq. Ft.
Massachusetts is home to an industrial real estate market that encompasses 397,384,194 square feet of space across 455 industrial properties of various use types, sizes, and quality ratings.
Massachusetts Industrial Market Breakdown by Building Size
Building Size Range |
Total Square Feet |
Share of Total Industrial |
50k to 100k Sq. Ft. |
84,494,642 Sq. Ft. |
21.26% |
100k to 500k Sq. Ft. |
193,205,295 Sq. Ft. |
48.62% |
500k to 1M Sq. Ft. |
37,571,958 Sq. Ft. |
9.45% |
> 1M Sq. Ft. |
21,513,992 Sq. Ft. |
5.41% |
Massachusetts Industrial Market Breakdown by Building Quality Rating
Class |
Total Square Feet |
Share of Total Industrial |
Class A |
69,434,254 Sq. Ft. |
17.47% |
Class B |
239,401,155 Sq. Ft. |
60.24% |
Class C |
65,513,113 Sq. Ft. |
16.49% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in Massachusetts: 114,045,281 Sq. Ft.
The Massachusetts commercial real estate market includes 602 properties that are dedicated to retail use. The various types of retail space here account for 114,045,281 square feet of commercial property in Massachusetts.
Massachusetts Retail Market Breakdown by Building Size
Building Size Range |
Total Square Feet |
Share of Total Retail |
50k to 100k Sq. Ft. |
23,671,091 Sq. Ft. |
20.76% |
100k to 500k Sq. Ft. |
70,559,475 Sq. Ft. |
61.87% |
500k to 1M Sq. Ft. |
15,112,942 Sq. Ft. |
13.25% |
> 1M Sq. Ft. |
4,444,648 Sq. Ft. |
3.9% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.