Leicester town center. Photo: Dougtone, CC BY-SA 2.0
Markets We Serve
Leicester, Massachusetts
Commercial Real Estate
Leicester sits in Worcester County right on Route 9, about 6 miles west of Worcester. It takes in the villages of Cherry Valley, Rochdale, and Greenville, and you get a mix of residential neighborhoods and commercial corridors that feed the greater Worcester area.
11,428
Population
$11.09
Tax Rate / $1,000 (FY2026)
1
Available Properties
$95,776
Median Household Income
Commercial Corridors
Key Business Districts
Main Street/Route 9
Primary commercial corridor through Cherry Valley
South Main Street
Historic mill district with flex/industrial space
Stafford Street
Commercial and light industrial uses
Zoning
Zoning Districts
Regional Access
Transportation
Route 9: 5 minutes to Worcester, connects to I-290
I-90 (Mass Pike): Nearest access at Exit 90 in Auburn
Route 56: North-south connector to Paxton and Oxford
Economic Base
Major Employers
Leicester Public Schools
Education
Historic Leicester Mill (Multi-Tenant)
Flex/Industrial
Cherry Valley Water District
Utilities
Price Chopper
Grocery Retail
Leicester Business Association Members
Various
Investment Thesis
Why Leicester?
Leicester has some of the lowest property taxes in Worcester County, $11.09 per thousand for FY2026, well under the state average. The Historic Leicester Mill is 74,745 SF of flex and industrial space with multiple tenants, one of the bigger adaptive reuse projects around here. You're close to Worcester and the Mass Pike at Auburn, so it works for distribution and light manufacturing.
Common Questions
Leicester Commercial Real Estate FAQ
Leicester offers flex and industrial space, notably the Historic Leicester Mill with 74,745 SF of multi-tenant space. The Main Street and Route 9 corridor provides retail and professional service opportunities in Cherry Valley. South Main Street has the historic mill district, with flex and industrial options.
Leicester has a single property tax rate of $11.09 per $1,000 of assessed value for FY2026, one of the lowest rates in Worcester County. This rate is significantly below the state average and makes Leicester attractive for cost-sensitive commercial tenants.
Leicester offers among the lowest tax rates in Worcester County at $11.09 per thousand, with Mass Pike access at Exit 90 in nearby Auburn and just 5 minutes to Worcester via Route 9. The median household income of $95,776 supports quality retail tenants. The Historic Leicester Mill shows what adaptive reuse looks like here, with flex and industrial suites available now.
Local Insights
Market Momentum
Historic Leicester Mill (74,745 SF) is one of the region's largest adaptive reuse projects, with flex and industrial suites available now
Tax rate of $11.09/thousand is among the lowest in Worcester County, attracting cost-sensitive tenants
Residential growth in Cherry Valley is increasing demand for neighborhood retail and services
Nearby Mass Pike access at Exit 90 in Auburn continues to drive interest from distribution and light manufacturing users
Available Listings
Our Properties in Leicester
Market Research
Latest on Leicester commercial real estate
For Property Owners
Thinking of Selling in Leicester?
If you own a warehouse, retail building, or industrial property in Leicester, our team will prepare a complimentary Broker Opinion of Value with no obligation. Get a data-backed answer to what your property is worth in today's market.
Request a Free ValuationGet the Fall 2026 Worcester market report
An owner's guide in thirteen pages, from CoStar's 10 August 2026 data and the city's own records: each sector's vacancy, rents and record prices, why small industrial is full while big boxes are not, what sold and to whom, the submarket spreads, and what it all means if you own a building in Worcester County. Every figure names its source.
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Market data last updated: October 2026. Sources: Town Assessor, U.S. Census, MA DOR.