Markets We Serve
Spencer, Massachusetts
Commercial Real Estate
Spencer sits 20 minutes west of Worcester on Route 9, and it's the retail and service hub for the southern end of Worcester County. The town holds down the Route 9 corridor between Worcester and the Connecticut border, and it pulls in shoppers from Brookfield, East Brookfield, and North Brookfield.
11,961
Population
Single rate (contact assessor)
Tax Rate / $1,000 (FY2025)
1
Available Properties
$79,086
Median Household Income
Commercial Corridors
Key Business Districts
Main Street/Route 9 Corridor
Retail, dining, and professional services
Spencer Shopper's Village
53,103 SF grocery-anchored center with CVS Pharmacy
Route 31 Corridor
Access to Holden, Charlton, Oxford, and Southbridge
Zoning
Zoning Districts
Regional Access
Transportation
Route 9: 20 minutes to Worcester, access to Brookfields and Ware
Route 31: North to Holden/Fitchburg, south to Charlton/Southbridge
Route 49: Connects to Route 20 and I-90 (Mass Pike) via Sturbridge
I-90 Exit 78 (Sturbridge): 15 minutes south
Economic Base
Major Employers
Price Chopper
Grocery Retail
Big Y Foods
Grocery Retail
CVS Pharmacy
Pharmacy/Retail
Klem's
Home & Garden Retail
Spencer-East Brookfield School District
Education
Investment Thesis
Why Spencer?
Commercial rents in Spencer run cheaper than they do in Worcester proper, and you get good Route 9 visibility and easy regional access for the money. The town has long been where the workers live for industry across greater Worcester County. Route 9 carries about 16,000 vehicles a day through the downtown core.
Common Questions
Spencer Commercial Real Estate FAQ
Spencer offers retail storefronts along the Main Street and Route 9 corridor, professional office space, and limited industrial and flex space. The Spencer Shoppers Village is a 53,103 SF grocery-anchored center with CVS Pharmacy. Commercial rents in Spencer typically run 30 to 40 percent below Worcester proper.
Local Insights
Market Momentum
Route 9 carries ~16,000 vehicles/day through the downtown core, supporting strong retail visibility
Anchor tenants Price Chopper, Big Y, and CVS maintain consistent foot traffic at Spencer Shopper's Village
Commercial rents run 30-40% below Worcester proper, attracting small business and professional service tenants
Residential permit activity remains steady, supporting population growth that feeds local retail demand
Available Listings
Our Properties in Spencer
Explore Our Markets
Other Areas We Serve
For Property Owners
Thinking of Selling in Spencer?
Whether you own a warehouse, retail building, or industrial property in Spencer, our team provides 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 ValuationDownload the Spencer market report
Eleven pages of sector data, submarket rents, headline transactions, and the 2026-2030 outlook. Delivered to your inbox.
Get Local Expertise
Looking for space in Spencer?
Lornell Real Estate is headquartered in Spencer at 22 1/2 Cherry Street. Contact us for local market expertise and off-market opportunities.
Send Us a Message
Fill out the form below and we'll get back to you as soon as possible.
Market data last updated: December 2024. Sources: Town Assessor, U.S. Census, MA DOR.