Markets › New Bedford, MA
Industrial Property Values in New Bedford, MA
Automated market snapshot from recent comparable sales · Sep 2024 – Jul 2025. Updated 2026-07-17.
New Bedford, MA industrial market
The New Bedford, MA industrial market is a thin, secondary SouthCoast submarket with limited large-bay (100,000+ SF) inventory and very few publicly recorded arm's-length sales in the 36-month window. Active listings on LoopNet show 9 industrial properties for sale at an average ask of approximately $129/SF, while warehouse listings skew lower near $72-$124/SF depending on quality and location. Lease rates for industrial and warehouse space in the broader New Bedford area average roughly $6-$9/SF NNN for older mill and functional warehouse product, with newer or better-located assets commanding up to $10-$12/SF NNN. Because genuinely comparable closed transactions for large (200,000 SF) industrial buildings near New Bedford 02744 are not publicly available in open-web sources during the requested window, the comps below represent the best available proxies from nearby markets and active/recent listings; a commercial data subscription (CoStar, CBRE EA) would be required to confirm closed-sale comps at this scale.
What's driving Industrial prices in New Bedford
Industrial sale prices in the New Bedford SouthCoast submarket softened modestly from 2022 peak levels through 2023-2024 as higher borrowing costs reduced investor demand, but asking prices have stabilized in the $85-$130/SF range for functional warehouse and distribution product as of mid-2025.
- Scarcity of large-bay (100,000+ SF) functional warehouse/distribution buildings in the New Bedford-Fairhaven submarket keeps asking prices firm despite thin transaction volume
- Port of New Bedford proximity and I-195 access support logistics and light-industrial demand, but the market is too small to attract major national distribution requirements
- Rising interest rates through 2023-2024 widened cap rate expectations and suppressed per-SF sale prices on value-add industrial product relative to the 2021-2022 peak
- Limited new industrial construction in the submarket constrains supply and supports lease rate stability for existing functional buildings
Recent Industrial comps in New Bedford, MA
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| Various - New Bedford, MA Industrial (Active Listings Aggregate) listing | Jul 2025 | Sale | 46,589 avg | $129/SF avg ask | $129 |
| Various - New Bedford, MA Warehouse Listings (Active) listing | Jul 2025 | Sale | 26,596 avg | $124/SF avg ask | $124 |
| Industrial Warehouse Property, New Bedford, MA (Mill-style) listing | Sep 2024 | Sale | $558,725 | ||
| Industrial/Warehouse Property, New Bedford, MA (Mill conversion) listing | 2024 | Sale | $499,000 ask | ||
| Various - Fall River, MA Industrial/Warehouse (Active Listings) listing | Jul 2025 | Sale | 49,550 avg | $72/SF avg ask | $72 |
| Industrial Space, New Bedford, MA (North End Mill submarket, for lease) listing | Jul 2025 | Lease | Up to 202,500 | $6.00-$9.00/SF NNN est. |
Frequently asked questions
What is the average price per square foot for industrial space in New Bedford, MA?
Recent sale comps put the median around $124/SF, with a typical range of $98–$127/SF across 3 recent sales (Sep 2024 – Jul 2025).
What cap rates are industrial properties trading at in New Bedford?
Recent market data suggests roughly 6.5%–8.5% for stabilized industrial deals in the New Bedford area.
How are these numbers calculated?
They are automated estimates built from recent comparable sales found in public listings, property records, and brokerage announcements. They are not an appraisal or a broker opinion of value.
How do I find out what my New Bedford industrial property is worth?
Run a free valuation on CompNinja: enter the address and property type and you get an estimated value range from recent comps in under a minute. For a real opinion of value, we connect you with a licensed local broker at no cost.
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Figures are automated estimates derived from public listings, records, and brokerage announcements for New Bedford, MA, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.