Markets We Serve
Worcester, Massachusetts
Commercial Real Estate
Worcester is the second-largest city in New England with a population exceeding 205,000. Located at the intersection of I-90, I-290, and I-190, it serves as the economic hub of Central Massachusetts with a diverse economy spanning healthcare, education, manufacturing, and professional services.
205,501
Population
$13.19 residential / $28.61 commercial
Tax Rate / $1,000 (FY2025)
6
Available Properties
$67,544
Median Household Income
Commercial Corridors
Key Business Districts
Downtown/Main Street
Class A office, retail, and mixed-use development
Green Hill Parkway
Medical office and flex space corridor
Route 20/Southwest Corridor
Industrial and distribution hub
Shrewsbury Street
Restaurant row and neighborhood retail
Zoning
Zoning Districts
Regional Access
Transportation
I-90 (Mass Pike): 45 minutes to Boston, 90 minutes to Hartford
I-290: Connects to I-495 and eastern suburbs
I-190: North to Leominster and Route 2
Worcester Regional Airport (ORH): Commercial flights to major hubs
Economic Base
Major Employers
UMass Memorial Health Care
Healthcare
Worcester Polytechnic Institute (WPI)
Education
College of the Holy Cross
Education
Clark University
Education
Saint-Gobain (Norton Abrasives)
Manufacturing
Hanover Insurance
Insurance
Unum
Insurance
Top Employment Sectors
45,000
Healthcare & Education
18,000
Professional Services
12,000
Manufacturing
Investment Thesis
Why Worcester?
Worcester's population grew 14.1% between 2010-2020, making it the fastest-growing city over 100,000 in New England. Industrial vacancy rates hover near an all-time low of 4%. Average lease rates are $15-$25 less per square foot than comparable Boston space, while providing access to the same labor pool via commuter rail. The city's diverse economy with 5,000+ firms provides stability through economic cycles.
Common Questions
Worcester Commercial Real Estate FAQ
Worcester offers the full spectrum of commercial property types: Class A and B office space downtown and along Green Hill Parkway, industrial warehouses and manufacturing facilities along Route 20 and the southwest corridor, neighborhood retail on Shrewsbury Street, and mixed-use development opportunities. The city has over 5,000 firms and a diverse commercial inventory.
Development Momentum
Market Activity & Intelligence
14
New Construction Permits (12mo)
557
Commercial Renovations (12mo)
11
Change of Use Permits (12mo)
937
New Business Filings (12mo)
Notable Recent Activity
173 LINCOLN ST
Addition
Oct 2025
73 MERRICK ST
New Construction
Sep 2025
105 STAFFORD ST
New Construction
Sep 2025
33 WALDO ST
Change of Use
Aug 2025
35 RICHARDS ST
Change of Use
Aug 2025
Data sourced from City of Worcester permit records. Last generated: July 2026
Available Listings
Our Properties in Worcester
Office
415 Main St
Worcester, MA
Multifamily
74 Green Hill Pky
Worcester, MA
Multifamily
78 Green Hill Pky
Worcester, MA
Multifamily
82 Green Hill Pky
Worcester, MA
Retail
1233 Main St
Worcester, MA
Flex
7 Henry St
Worcester, MA
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For Property Owners
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Market data last updated: December 2024. Sources: Town Assessor, U.S. Census, MA DOR.